Porter's Five Forces Model Is Used to Evaluate Competition Based

question 30

Multiple Choice

Porter's Five Forces Model is used to evaluate competition based on which 5 aspects?

• A) research and development, cost, legal regulations, suppliers, customers
• B) immediate rivals, potential entrants, customers, suppliers, and substitute products
• C) potential entrants, customers, suppliers, legal regulations, and cost
• D) immediate rivals, potential entrants, cost, substitute products, and legal regulations
• E) none of the above

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Definitions:

Feedforward Controls

A management technique that involves monitoring inputs and providing feedback before tasks are carried out to ensure goals are met efficiently.

Preliminary Controls

Initial measures or procedures put in place to monitor and regulate processes or operations.

Objectives

Specific, measurable goals that are designed to achieve the overall aim of an individual or organization.

After-Action Review

A systematic assessment of lessons learned and results accomplished in a completed project.