The Idea with Porter's 5 Forces Is to

question 21

Multiple Choice

The idea with Porter's 5 Forces is to

• A)quantify the 5 forces, to ideally produce a mathematical model of the industry.
• B)identify which forces are relatively more powerful, and to assess their impact on competition and industry profitability.
• C)work out how management can eliminate these forces.
• D)use it to construct a plan to achieve monopoly power.

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Definitions:

EEG Signals

Electrical activity of the brain recorded from electrodes placed on the scalp, used to diagnose various neurological conditions.

Primary Motor Cortex

The brain region responsible for the initiation and control of voluntary movements, located in the frontal lobe.

Specific Movements

Targeted or deliberate muscle movements or actions that are designed to achieve a particular result or function.

CNS

Central Nervous System, comprising the brain and spinal cord, responsible for processing and sending out neural signals.