According to Porter's Model, Four Competitive Forces Determine Industry Profitability

question 74

True/False

According to Porter's model, four competitive forces determine industry profitability.

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Definitions:

Non-Genuine Sellers

Sellers or vendors who engage in selling counterfeit, fake, or imitation products intentionally misleading consumers.

Online Reviews

Written evaluations or ratings posted by consumers on digital platforms about their experiences with products or services.

Consumer Decision Making

The process by which individuals search for, select, purchase, use, and dispose of goods and services, influenced by psychological and social factors.

Checking for Deals

The act of searching or inquiring about discounts, offers, or promotional sales to save money on purchases.