Porter's Five Forces Model Is Based On

question 42

Multiple Choice

Porter's Five Forces model is based on:

• A) industrial organization economics.
• B) labor and demographic economics.
• C) business administration and business economics.
• D) environmental and ecological economics.

---

Definitions:

Prospecting Letter

A letter sent to potential customers or clients with the goal of introducing one’s services or products and generating new business.

Company Knowledge

The information and understanding an individual has about a company's products, services, history, values, and culture.

Well-worded

Describes something that has been expressed clearly and precisely in words.

Job Applications

Formal requests for employment, usually consisting of a resume or CV and a cover letter, submitted by job seekers to employers.