Which of the Following Statements Is a Drawback of Porter's

question 38

Multiple Choice

Which of the following statements is a drawback of Porter's 5-forces model?

• A) It cannot be used to evaluate the structural components of an industry.
• B) This tool is particularly not useful in helping managers decide where to focus.
• C) Evaluating the attractiveness of industries and developing business-level strategy is seldom possible.
• D) The 5-forces model typically looks at an industry at one point in time.

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Definitions:

Potatoes

A starchy tuber vegetable grown and consumed worldwide, serving as a staple food in many cultures.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.

Personal Computers

Computing devices designed for individual use, as opposed to computers intended for shared or organizational usage.

Price Decrease

A reduction in the monetary value or cost of goods and services.