The Five-Forces-Plus-Complements Model Is Useful in Understanding Industry Profit Potential,but

question 102

Multiple Choice

The five-forces-plus-complements model is useful in understanding industry profit potential,but it is only a snapshot in time.Managers must also consider ___________.

• A) the cost structure
• B) the industry dynamics
• C) the competitive landscape
• D) the strategic group

---

Definitions:

Political Priming

The process by which exposure to a stimulus influences the response to a subsequent stimulus, by activating a political concept or schema.

Strategy Frame

A cognitive structure or approach guiding the selection and implementation of strategies in problem-solving or decision-making processes.

Agenda Setting

A communication theory that suggests the media has the power to determine which issues are considered important by the public.

Media

Means of mass communication, including newspapers, television, radio, and the internet, that disseminate information or entertainment to a wide audience.