The Five Competitive Forces Model Was Developed by

question 115

Multiple Choice

The five competitive forces model was developed by

• A)Michael Porter.
• B)John Nash.
• C)Michael Spence.
• D)Porter Smith.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Resell

The act of selling an item or property that one has previously bought, often to realize a profit or recover an investment.

Prop

An object used on stage or in film to enhance the setting, character portrayal, or storytelling.

Mitigate Loss

The requirement for a party suffering loss to take reasonable action to minimize the amount of loss suffered.