What Is Porter's Five Forces Model

question 167

Multiple Choice

What is Porter's Five Forces Model?

• A)Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
• B)Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
• C)Views a firm as a series of business processes, each of which adds value to the product or service.
• D)Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.

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Definitions:

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