Porter Originally Developed the Five Forces Model to Determine the ________

question 81

Multiple Choice

Porter originally developed the five forces model to determine the ________.

• A) potential profitability of an industry
• B) nature of competitive industrial environments
• C) reason why certain industries collapse
• D) means by which to improve resource utilization

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Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Conformity

Adjusting our behavior or thinking to coincide with a group standard.

Basic Trust

A concept introduced by Erik Erikson referring to an essential feeling of trust towards the world, developed during the first year of life.

Identity

A person's sense of self, defined by their individual characteristics, beliefs, and relationships with others.