Which of the Following Is a Drawback of Porter's Five

question 30

Multiple Choice

Which of the following is a drawback of Porter's five forces model?

• A) The model describes competition narrowly as a firm's closest competitors.
• B) Managers cannot determine the changing speed of an industry or the rate of innovation.
• C) It fails to provide a basis for deriving implications for a firm's strategic position within an industry.
• D) The model fails to consider that threat of substitutes can come from outside a given industry.

Gain insight into contemporary issues of social inequality and its implications for social justice.

Understand the concepts of social stratification and social mobility, including how they impact individual and group opportunities.

Comprehend the role of cultural capital in social reproduction and its influence on educational attainment and socioeconomic success.

Identify the effects of economic and social factors on educational outcomes and life chances.

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Definitions:

Cognitive Theory

A theory of psychology that emphasizes mental processes such as perception, memory, decision-making, and problem-solving as the basis of understanding behavior.

Unconscious Drives

Deep-seated motives and desires that influence an individual's thoughts and behaviors, often without their conscious awareness, rooted in Freudian psychology.

Psychosexual Conflicts

Inner tensions and struggles arising from the sexual drives of the id, as hypothesized by Freud, often occurring in childhood and influencing personality development.

Psychoanalytic Theory

A theory of personality and therapeutic technique that attributes our thoughts and actions to unconscious motives and conflicts, developed by Sigmund Freud.