In the _____ Developed by Michael Porter,competition Is Not Defined

question 97

Multiple Choice

In the _____ developed by Michael Porter,competition is not defined narrowly as a firm's closest competitors but rather more broadly to include other factors in an industry like buyers,suppliers,potential new entry of other firms,and the threat of substitutes.

• A) PESTEL framework
• B) VRIO framework
• C) five forces model
• D) value chain analysis

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Definitions:

Cauda Equina

A bundle of spinal nerves and spinal nerve rootlets located at the lower end of the spinal cord, resembling a horse's tail.

Conus Medullaris

The tapered end of the spinal cord, located around the first lumbar vertebra, where spinal nerves converge.

Ulnar Nerve

A nerve running along the ulna bone of the arm into the hand, responsible for sensations in the forearm and parts of the hand.

Intrinsic Hand Muscles

The muscles located within the hand responsible for fine motor movements, including finger flexion and extension.