The Five-Forces Model Helps to Determine Both the Nature of Competition

question 97

True/False

The five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry.

---

Definitions:

Chain Ganglia

Collections of neuron cell bodies located outside the central nervous system and along the course of peripheral nerves, involved in transmitting nerve impulses.

Sympathetic Branch

Part of the autonomic nervous system that controls the body's responses to stress, including the fight-or-flight response.

ANS

Acronym for Autonomic Nervous System, which controls involuntary body functions like heartbeat, digestion, and breathing.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and promoting "rest and digest" responses.