Which of the Following Statements Is NOT a Criticism of Porter's

question 2

Multiple Choice

Which of the following statements is NOT a criticism of Porter's Five Forces? Select all that apply.

• A) It is based in economic theory.
• B) It is tautological.
• C) Industries are difficult to define.
• D) It is overly concerned with external factors.

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Definitions:

Property Rights

Legal rights to use, control, and dispose of property, including real estate, intellectual property, and other belongings.

Ratification

Formal approval or confirmation of an agreement, treaty, or constitution.

Federal Government

The national government of a federation, which has specific powers granted to it by a constitution.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.