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;

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Definitions:

Wechsler Scale

A set of standardized tests used to assess the intelligence of children and adults, taking both verbal and performance IQ into account.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often leading to a speedy decision but not always to the best outcome.

Infinite Creativity

The boundless capacity to generate novel and original ideas, concepts, or artistic expressions.

Regularization

The process in language learning where irregular forms are mistakenly made regular by applying standard rules, often seen in child language acquisition.