A Firm Can Use Its Knowledge of the Five Forces

question 19

Multiple Choice

A firm can use its knowledge of the five forces to strengthen its competitive position through ___________.

• A) product differentiation
• B) leveraging complements
• C) backward integrating to reduce supplier power
• D) All of these

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Definitions:

Secondary Data

Information that has been previously gathered for purposes other than the specific research project at hand, including reports, studies, and databases.

External Secondary

Refers to secondary data collected from sources outside of the organization, used for research or analysis.

Published Data

Data that has been made available to the public through various means such as books, websites, and public records.

Internal Secondary Data

Data previously collected and available within an organization for purposes other than the current need or analysis.