According to Michael Porter,five Competitive Forces Create Vital Opportunities and Threats

question 38

True/False

According to Michael Porter,five competitive forces create vital opportunities and threats to organizations: 1)new entrants; 2)substitute products or services; 3)bargaining power of suppliers;

---

Definitions:

Competence

The ability to do something successfully or efficiently, involving skills and knowledge.

Confidence

A feeling of self-assurance arising from an appreciation of one’s own abilities or qualities.

Mediocrity

The quality of being average or moderate in quality, not outstanding or poor.

Sincerity

The quality of being free from pretense, deceit, or hypocrisy; genuine honesty.