According to the Five Forces Model Developed by Harvard University

question 51

Multiple Choice

According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:

• A)Threat of entry of new competitors
• B)Political and/or economic factors
• C)Bargaining power of suppliers
• D)Threat of substitute products/services

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Definitions:

Victims

Individuals who have suffered harm or injury as a result of an action or event.

Misfortune

An instance of bad luck or an unfortunate condition or event affecting someone's life or circumstances.

Fundamental Attribution Error

The fundamental attribution error is the tendency to attribute others' behaviors to their personality or disposition rather than to external factors.

Personal Factors

Characteristics or attributes of an individual that influence their behavior and actions, including age, education, income, and personality traits.