Within the Five Forces Framework, the Five Most Common Threats

question 52

Multiple Choice

Within the five forces framework, the five most common threats facing firms from their competitive environment include each of the following except

• A) substitutes.
• B) complementors.
• C) suppliers.
• D) buyers.

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Definitions:

Maslow's Hierarchy

A theory proposed by Abraham Maslow outlining a hierarchy of human needs, from basic physiological needs to self-actualization, suggesting that higher needs become motivational only after lower needs are satisfied.

Higher Needs

Advanced psychological needs such as self-actualization and esteem needs, following basic physiological and safety needs in Maslow's hierarchy.

Lower Needs

Basic physiological and safety requirements in Maslow's hierarchy, essential for an individual's survival.

Humanistic Psychology

A psychological perspective that emphasizes the study of the whole person, and the uniqueness of each individual's experience, focusing on personal growth and the concept of self-actualization.