Which of the Following Offers an Example Where Porter's Five

question 83

Multiple Choice

Which of the following offers an example where Porter's five forces are mostly strong and competition is high?

• A) A dog walking business
• B) A ski resort
• C) A professional hockey team
• D) All of these

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Definitions:

Self-Fulfilling Prophecy

A forecast that, through a cycle of belief influencing actions, becomes a reality because of the positive reinforcement between what is believed and how one behaves.

Expectations

Beliefs or forecasts about future events or behaviors based on past experiences or societal norms.

Behavior

The behavior or response of people or groups when they encounter stimuli that are either internal or external.

Golem Effect

A psychological phenomenon where lower expectations placed upon individuals lead to poorer performance outcomes, contrasting the Pygmalion effect.