The Five Competitive Forces Model Is a Framework for Understanding

question 66

True/False

The five competitive forces model is a framework for understanding the structure of an industry.

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Definitions:

Injunctive Norms

Socially accepted rules or standards that dictate the behaviors that are approved or disapproved of within a society or group.

Evaluative Component

Part of an attitude that involves making a judgment about the goodness or badness of an object, person, or event.

Busy New York City Subway

Busy New York City Subway describes the condition of New York City's subway system, often characterized by high passenger traffic and congestion.

Descriptive Norm

Social norms that describe what most people do in a specific context, rather than what they should do.