Examlex

Solved

Michael Porter Has Identified Five Forces That Determine the Intrinsic

question 137

Essay

Michael Porter has identified five forces that determine the intrinsic long-run attractiveness of a market or market segment.Briefly list and characterize those forces.


Definitions:

Three Components

In psychology, it refers to the model of attitudes comprising cognitive, affective, and behavioral components.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort or conflict from holding contradictory beliefs, attitudes, or behaviors simultaneously.

Marketing Context

The combined factors and situations that influence and define the market environment in which a business operates.

Salient Beliefs

Specific beliefs an individual holds to be most important or relevant at a given time, often guiding decision-making and behavior.

Related Questions