Core Features of the Five Forces Model Remain Remarkably Insightful

question 64

True/False

Core features of the five forces model remain remarkably insightful when analyzing old industries but not new phenomena, such as e-commerce.

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Definitions:

Piaget's Constructivist Approach

a theory of cognitive development that suggests children construct knowledge through experiences and interactions with the environment, highlighting stages of development.

Skinner's Operant Conditioning

A theory of learning that emphasizes the role of reinforcement and punishment in shaping behavior through a system of rewards and consequences.

Known-answer Question

A known-answer question is a type of question posed by someone not to gain information but to check the respondent's knowledge or to encourage the respondent to reveal information.

Bulletin Board

A surface meant for the posting of public messages, notices, advertisements, or announcements for informational purposes.