Which of the Following Is Not a Potential Limitation of the Five-Forces

question 33

Multiple Choice

Which of the following is not a potential limitation of the five-forces framework?

• A)It pays little attention to factors that might affect demand
• B)It focuses on a whole industry rather than on individual firms that may occupy unique positions that insulate them from some competitive forces
• C)The framework does not explicitly account for the role of government,except when government is a supplier or buyer
• D)The framework provides a structured way to systematically work through wide-ranging and often complex issues
• E)The framework is a qualitative analysis method

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Definitions:

Caste System

A form of social stratification where individuals are born into a fixed social group or caste, determining their social status, occupation, and potential marriage partners.

Conspicuous Consumption

The act of purchasing and using goods and services to publicly display economic power or social status, rather than to meet the basic needs.

Class Consciousness

The awareness that a class structure exists and the feeling of shared identification with others in one’s class with whom one perceives common life chances.

Social Stratification

A relatively fixed hierarchical arrangement in society by which groups have different access to resources, power, and perceived social worth; a system of structured social inequality.