Porter's Five Forces Model Is Also Referred to as the Value

question 84

True/False

Porter's five forces model is also referred to as the value chain model.

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Definitions:

Pendleton Act

An 1883 U.S. federal law that established that positions within the federal government should be awarded on the basis of merit instead of political affiliation.

Merit-Based System

A merit-based system is a method of employment or selection based on individuals' skills, abilities, and qualifications rather than factors such as nepotism or patronage.

Federal Employment

Jobs within the federal government, including positions in various agencies and departments.

Civil Service Reform Act

Legislation intended to improve and regulate the civil service of the United States by promoting merit-based appointment and ensuring job security for civil servants.