In the Center of Porter's Five Forces Model Is Competition

question 60

Multiple Choice

In the center of Porter's Five Forces model is competition.Which of the following represents the four outer boxes?

• A)buyer power, systems power, threat of false entrants, and threat of substitute products or services
• B)buyer power, systems power, threat of new entrants, and threat of substitute products or services
• C)buyer power, supplier power, threat of new entrants, and threat of substitute products or services
• D)business power, supplier power, threat of new entrants, and threat of powerful services

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Definitions:

Compensation Data Systems

Systems designed to collect, store, and analyze data regarding employee compensation, including wages, benefits, and bonuses, to ensure equitable and competitive compensation practices.

HR Mobile Apps

Mobile applications designed to facilitate human resource management tasks and processes for employees and managers.

Vacation Time

Allocated period during which an employee is allowed to be away from their job while still receiving pay.

Benefits Administration

The process of creating, managing, and updating an employee's benefits package, including health insurance, retirement plans, and other perks.