Which of the Following Is a Primary Feature of the Five

question 96

Multiple Choice

Which of the following is a primary feature of the five forces model?

• A) It is concerned exclusively about the intensity of rivalry among direct competitors.
• B) It takes into account a firm's internal resources, capabilities, and core competencies.
• C) It helps managers determine the changing speed of an industry or the rate of innovation.
• D) It views competition within an industry broadly to include forces such as buyers, suppliers, and the threat of substitutes.

Understand the significance of core capabilities and how they distinguish an organization from its competitors.

Recognize the relevance of economic and demographic factors in environmental scanning and labor market analysis.

Comprehend the principles of value creation within an organization and the differentiation between products and services.

Understand the dynamics of workforce planning and the role of staffing tables, attrition, and layoffs in organizational management.

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Definitions:

Securities Act

U.S. legislation enacted in 1933 to regulate the sale of securities, primarily aimed at preventing fraud in the securities market.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in unintended harm to another party.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis according to established principles.

Embezzlement

The theft or misappropriation of funds or property entrusted to one's care by their employer or another party.