In the Center of Porter's Five Forces Model Is Competition

question 65

Multiple Choice

In the center of Porter's Five Forces model is competition. Which of the below represents the four outer boxes?

• A)Buyer power, systems power, threat of false entrants, and threat of substitute products or services
• B)Buyer power, systems power, threat of new entrants, and threat of substitute products or services
• C)Buyer power, supplier power, threat of new entrants, and threat of substitute products or services
• D)Business power, supplier power, threat of new entrants, and threat of powerful services

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Definitions:

Job Description

A formal account of an employee's responsibilities, duties, and the scope of the job they're employed to do.

Ambiguous

Something that can be understood in more than one way or is not explicitly defined, leading to uncertainty or confusion.

Thomas-Kilman Conflict Model

A framework that identifies five approaches individuals use to handle conflict: avoiding, accommodating, competing, compromising, and collaborating.

Compromiser

Someone who uses his or her skills to blend differences and form a workable alternative.