What Is Porter's Five Forces Model

question 36

Multiple Choice

What is Porter's Five Forces Model?

• A)evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
• B)analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
• C)views a firm as a series of business processes, each of which adds value to the product or service
• D)generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service

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Definitions:

Health Promotion

The process of enabling people to increase control over and to improve their health through various interventions and strategies.

Health Prevention

Strategies or practices that aim to reduce or eliminate the occurrence of diseases and health problems before they happen.

Conditional Guarantor

A guarantor who promises to fulfill the obligations if certain conditions are met.

Legal Procedures

The official processes and methods used within the judicial system to ensure the legal rights of individuals are upheld.