With the Five Forces Model, Companies Should Watch the Forces

question 202

True/False

With the Five Forces Model, companies should watch the forces in the market. If the forces are strong, competition generally increases, and if the forces are weak, competition typically decreases.

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Definitions:

Consultative Leader

A person in charge who confers with group members before making a decision, but who retains the final authority to make decisions.

Consideration Dimension

An aspect of leadership behavior focused on creating mutual respect and trust with followers by showing concern for their needs and feelings.

Emotional Support

Assistance provided through empathy, concern, encouragement, and companionship to help individuals cope with stress, challenges, or emotional distress.

Environmental Creation

The process of developing or modifying habitats or surroundings to achieve specific objectives.