Porter Identified the Bargaining Power of Competitors as One of the Forces

question 2

True/False

Porter identified the bargaining power of competitors as one of the forces in his five forces model.

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Definitions:

Emotional State

The current condition of one's feelings or emotions, which can influence perception, decision-making, and behavior.

Familiar Language

Language that is well known, easily recognized, or understood due to regular exposure or use by an individual.

Respond

To react to something by taking a particular course of action or expressing oneself in a specific manner.

Client

An individual or organization receiving services, advice, or products from a professional or company.