The Porter Five-Forces Model Is Designed to Help Us Understand

question 168

True/False

The Porter five-forces model is designed to help us understand how social attitudes and cultural values impact U.S. businesses.
E. Porter has been the most commonly used analytical tool for examining the competitive environment. It describes the competitive environment in terms of five basic competitive forces.

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Definitions:

Will

A legal document by which a person expresses their wishes as to how their property is to be distributed at death, and names one or more persons to manage the estate.

Trust

A fiduciary relationship in which one party holds property or assets for the benefit of another based on an agreement.

Codicil

An addition or amendment made to a will, which may add to, modify, or revoke portions of the document.

Trusts

Are fiduciary relationships in which one party, known as a trustee, holds property for the benefit of another party, the beneficiary.