Which of the Following Statements Is Not True About the Five

question 32

Multiple Choice

Which of the following statements is not true about the five forces in Porter's competitive analysis model?

• A) The relative strengths of the five forces that shape competition are context-dependent.
• B) The stronger the five forces in an industry, the greater the industry's profit potential.
• C) Competition in the model is described as the tug-of-war between the five forces to capture as much as possible of the economic value created in an industry.
• D) An analysis of the five forces provides the basis for how a firm should position itself to gain and sustain a competitive advantage.

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Definitions:

Generation Y

Generation Y, also known as Millennials, refers to the demographic cohort following Generation X, typically born between the early 1980s and mid-1990s.

Born

The process of coming into life or entering into existence.

Mature Consumers

Individuals typically in the age group of 55 years and older, often characterized by distinct purchasing habits and preferences shaped by years of consumption experience.

Chronological Age

The actual age of an individual or object, measured in units of time since birth or creation.