Firms Use the Five Forces Model of Competition to Identify

question 54

Multiple Choice

Firms use the five forces model of competition to identify the ______ of the industry.  It is measured by its _______.

• A) size; number of competitors.
• B) globalization; export percentages.
• C) hypercompetition; technology diffusion.
• D) attractiveness; profitability.

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Definitions:

Natural Mimicry

The adaptation process where an organism evolves to resemble another organism or object in its environment for survival benefits.

Empathize

Being able to grasp and connect with the emotions of another individual.

Deindividuation

A psychological state where individuals lose their self-awareness and sense of individuality, often leading to disinhibited behavior within group settings.

Social Loafing

A phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.