The Five-Forces Model Recognizes That Suppliers Can Become a Firm's

question 71

True/False

The five-forces model recognizes that suppliers can become a firm's competitors, as can buyers.

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for integrating sensory information and responding accordingly.

Frontal Cortex

A region of the cerebral cortex located at the front of the brain, associated with decision making, problem solving, consciousness, and emotions.

Circumference

The linear distance around the edge of a circle or spherical object.

James's Claim

A reference to a specific assertion or theory proposed by psychologist William James, often pertaining to his contributions to psychology, such as the James-Lange theory of emotion.