The Five Competitive Forces Model Was Developed by

question 115

Multiple Choice

The five competitive forces model was developed by

• A)Michael Porter.
• B)John Nash.
• C)Michael Spence.
• D)Porter Smith.

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Definitions:

Six Sigma

A set of techniques and tools for process improvement, aimed at reducing defects and improving quality by using a data-driven approach.

Tolerance Range

The range within which a particular environmental factor is permissible for the survival of an organism.

Defects

Imperfections, faults, or flaws in a product or service that detract from its intended quality or functionality.

Continuous Process

A production process that operates without interruption, as opposed to discrete manufacturing processes that are set up and stopped in between the production of different products.