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One of the Criticisms of Porter's Five Forces Model Is

question 14

Multiple Choice

One of the criticisms of Porter's Five Forces model is that it assumes competition to be a ______ game among the firm and its various stakeholders.


Definitions:

Lost To Competitor

A situation where a business loses a potential or existing customer to a rival company, often prompting analysis to improve future competitiveness.

Serious Mistake

An error or decision with significant negative consequences.

Strong Relationship

A deep, positive connection between two parties, characterized by trust, respect, and mutual benefit.

First Order

The initial purchase made by a customer from a business, often seen as a critical step in establishing a customer relationship.

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