Porter's Five Forces Model of Competition Is Too Simple as Originally

question 1

Multiple Choice

Porter's five forces model of competition is too simple as originally conceived because it overlooks phenomena such as:

• A)The relationships of substitution between products or services within one segment of the market
• B)Competitors' strategies may shape the industry structure, rather than structure shaping competition
• C)The complexity and stability of the competitive world where rivals' strategies affect each other
• D)The different levels of industry analysis that the five forces model can be applied to

---

Definitions:

Diverse Populations

Groups of people that differ in various characteristics such as cultural background, ethnicity, language, and socioeconomic status.

Primary Groups

are small, close-knit, and typically long-lasting social groups in which members share personal, enduring relationships.

Charles Horton Cooley

An American sociologist known for developing the concept of the "looking-glass self," which explains how individuals form their self-image based on how they believe others perceive them.

Sociologist

A researcher specializing in the examination of human society's growth, framework, and operations.