The Five Forces Model of Competition Is a Tool Developed

question 22

Multiple Choice

The five forces model of competition is a tool developed by Michael Porter to help managers analyze their _____.

• A) competitive environment
• B) economic environment
• C) mission statement
• D) corporate governance
• E) social responsibility

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Definitions:

Theory

A system of ideas intended to explain something, often based on general principles independent of the thing to be explained.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Testable

Capable of being tested or subjected to examination and verification.

Upper Limb Length

The measurement from the top of the shoulder to the tip of the fingers, reflecting the dimensions of the arm and hand.