Porter's 5 Forces Model Arguably Has Some Deficiencies and Does

question 14

True/False

Porter's 5 Forces model arguably has some deficiencies and does NOT answer all possible questions. But this is true of all models.

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Definitions:

Congruent

In agreement or harmony; often used in mathematics to refer to figures that are identical in shape and size.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions.

National Industrial Recovery Act

A 1933 U.S. legislation aimed at economic recovery during the Great Depression, which sought to stimulate industrial production and improve labor conditions.

National Industrial Recovery Act

A law enacted in 1933 as part of the New Deal to stimulate economic recovery by regulating industry, promoting fair wages and working hours, and encouraging collective bargaining for workers.