What Is Porter's Five Forces Model

question 133

Multiple Choice

What is Porter's Five Forces Model?

• A) Evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
• B) Analysis of the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
• C) View of 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:

Whiskey Tax

A tax imposed on distilled spirits, notably whiskey, historically significant for inciting the Whiskey Rebellion in the United States in the late 18th century.

Pinckney Treaty

A 1795 agreement between the United States and Spain that defined the borders of the United States with Spanish colonies and granted the U.S. the right to navigate the Mississippi River.

Second Great Awakening

A Protestant religious revival movement in the early 19th century United States, which spurred the growth of social reform movements, such as abolitionism and temperance.

Whiskey Rebellion

A tax protest in the United States in the 1790s, during the presidency of George Washington, triggered by a tax imposed on distilled spirits.