The Objective of Porter's Five-Forces Model Is to

question 11

Multiple Choice

The objective of Porter's five-forces model is to

• A)assess firm profitability.
• B)assess the potential for profits within an industry.
• C)emphasize the intensity of rivalry within an industry.
• D)None of the above.

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Definitions:

Possession Utility

The value added by the process of transferring the ownership of a product or service from one party to another, enhancing its appeal to potential buyers.

Ownership Utility

The added value or benefit provided to a product or service by ensuring that the consumer has the legal right or ownership to use or dispose of it as they see fit.

Product Availability

The extent to which products are in stock and can be purchased by consumers at any given time.

Exchange Process

The exchange process refers to the series of actions in which two or more parties give something of value to each other, usually in the context of business or trade.