Which of the Following Statements Is True of Porter's Five-Force

question 3

Multiple Choice

Which of the following statements is true of Porter's five-force model?

• A) It states that the attractiveness of an industry is unaffected by the industry's degree of rivalry.
• B) It fails to acknowledge the role of substitutes for customers.
• C) It is often used in practice to assess a specific firm's external environment.
• D) It states that oligopolistic industries are less competitive if firms choose to engage in price wars.

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Definitions:

Performance-Based Pay

A compensation strategy where employees are paid based on their performance or achievements.

Intrinsic Motivation

The internal desire to perform a task for its own sake, deriving personal satisfaction from the activity itself without external incentives.

Need for Self-Determination

Refers to the fundamental drive of individuals to control their own actions and decisions, seeking autonomy and self-regulation in their behavior.

Need for Purposefulness

Refers to the intrinsic human motivation to have a sense of meaning and intention in one's actions and life endeavors.