Mark Peterson Identified the Porter's Five Forces Model Which Analyzes

question 57

True/False

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

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Definitions:

Dissonance Resolution

The process of reducing conflict between one's actions and beliefs by altering either the actions, beliefs, or both.

Dissonance Reduction

The process of alleviating or eliminating cognitive dissonance, which occurs when an individual experiences conflict between beliefs, behaviors, or attitudes.

Chosen Alternative

The option selected from among multiple possibilities after a decision-making process.

Ignoring Downgrading

The act of deliberately paying less attention or diminishing the importance of certain information or entities.