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

question 69

Multiple Choice

Paula Logston 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 the answers are correct.

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Definitions:

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization to fulfill its objectives.

Organizational Innovation

The process of implementing new ideas, creating dynamic products, or improving existing services within an organization.

Cross-Fertilization

A process of mutual influence or exchange of ideas between diverse fields or cultures to spur innovation and creativity.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization to achieve its objectives.