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

question 25

Multiple Choice

In the center of Porter's Five Forces Model is competition. Which of the following 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:

Self-efficacy

The belief in one's own ability to succeed in specific situations or accomplish a task.

Self-references

An individual's practice of relating information or situations back to oneself, often a cognitive process related to memory and identity.

Self-discrepancies

The differences between an individual's perceived actual, ideal, and ought selves, which can influence emotional states.

Self-discrepancy Theory

A theory that suggests individuals compare themselves to internal standards or the expectations of others, leading to various emotional outcomes based on perceived discrepancies.