Within the Five Forces Framework, the Five Most Common Threats

question 52

Multiple Choice

Within the five forces framework, the five most common threats facing firms from their competitive environment include each of the following except

• A) substitutes.
• B) complementors.
• C) suppliers.
• D) buyers.

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Definitions:

National Wealth

The total value of a nation's assets and resources, often used as a measure of the country's economic health.

Organizational Goals

The strategic objectives that an organization aims to achieve, which guide its operations and are critical for its success.

Human Resource Management

The strategic approach to the effective management of an organization's workers, focusing on policies and systems designed to maximize employee performance.

Social Organizations

Groups structured by a set of social norms, institutions, or structures aimed at meeting the needs of individuals in a society.