Industry-Based Considerations Are Fundamentally Concerned with the Very First of the Porter

question 61

True/False

Industry-based considerations are fundamentally concerned with the very first of the Porter five forces, interfirm rivalry.

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Definitions:

Administrative Law Judge

A federal or state official who conducts hearings and makes decisions on disputes involving administrative law.

Federal Trade Commission

An independent agency of the United States government, established in 1914 to prevent anticompetitive, deceptive, and unfair business practices.

Administrative Dispute Resolution Act

U.S. legislation that promotes the use of alternative dispute resolution processes, such as arbitration and mediation, in the administrative process of federal agencies.

Arbitration

A method of resolving disputes outside the courts, where the parties to a dispute refer it to one or more arbitrators by whose decision (the "award") they agree to be bound.