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:

Schemata

Cognitive structures that represent organized knowledge about the world, events, or situations, guiding perception and understanding.

Active Imagination

A cognitive methodology in analytical psychology involving the engagement of the conscious mind with the contents of the unconscious to elicit creative thoughts and understanding.

False Memory Creation

The phenomenon where a person recalls something that did not happen or recalls it differently from the way it actually happened.

Autobiographical Events

Personal experiences and memories that are recalled from an individual's life, forming a part of their self-identity.