A Major Drawback of the Five Forces Model Is That

question 43

True/False

A major drawback of the five forces model is that it does not analyze the threat of substitutes when forming a corporate strategy.

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Definitions:

Increasing Rate

Often refers to a situation where the rate of change of a variable is accelerating; a concept applicable in various economic, financial, and mathematical contexts.

Hemoglobin Molecules

Iron-containing oxygen-transport proteins in the red blood cells.

Recessive Genetic Disease

A disease caused by mutations in both copies of a gene pair in an individual; inheriting only one mutated gene typically results in being a carrier without showing disease symptoms.

Chromosomes 21

One of the 23 pairs of chromosomes in humans; an abnormality in the number of chromosome 21 leads to Down syndrome.