Paula Is the Owner and Operator of a High-End Online

question 42

Multiple Choice

Paula is the owner and operator of a high-end online custom clothing company.Paula has never heard of Porter's Five Forces model and she wants to understand why she would perform an analysis using it.If you were tasked with explaining Porter's Five Forces model to Paula, what would be the primary reason she would want to use this type of analysis?

• A)to help Paula choose a clothing business focus
• B)to help Paula evaluate the attractiveness of the clothing industry
• C)to help Paula evaluate and execute business goals
• D)All of these are correct.

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Definitions:

Dominant Market Share

A term describing a company or product that holds a majority percentage of total sales in its market, showcasing high competitive strength and market control.

Slow-Growth Industry

An industry characterized by low annual growth rates, often mature in nature, facing limited prospects for expansion.

Relative Market Share

A measure of a company's sales or revenues as a proportion of the total sales or revenues of the industry or market it operates in.

Portfolio Analysis Matrix

A strategic tool used by companies to evaluate their product lines or business units, often considering market growth and market share.