The Five Forces Model Expands the Arena of Competitive Analysis

question 99

True/False

The five forces model expands the arena of competitive analysis beyond direct competitors (i.e.,rivals)to include buyers and suppliers who may also be a source of competition.

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Definitions:

Mechanoreceptor

A sensory receptor that responds to mechanical pressure or distortion, involved in senses like touch and hearing.

Thermoreceptor

A sensory receptor that is sensitive to changes in temperature, found in the skin and hypothalamus.

Lamellated Corpuscle

A type of sensory receptor found in the skin and mucous membranes that detects pressure and vibration.

20/100 Vision

A measure of visual acuity that indicates a person sees at 20 feet what a person with normal vision can see at 100 feet.