Porter Originally Developed the Five Forces Model to Determine the ________

question 25

Multiple Choice

Porter originally developed the five forces model to determine the ________.

• A)potential profitability of an industry
• B)nature of competitive industrial environments
• C)reason why certain industries collapse
• D)means by which to improve resource utilisation

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Definitions:

Employee

An individual who works part-time or full-time under a contract of employment, whether oral or written, express or implied, and has recognized rights and duties.

Company Truck

A vehicle owned and operated by a business for the purpose of carrying out company tasks or services.

Employer's Control

The extent of authority and influence an employer has over the working conditions and tasks of their employees.

Employee

An individual who is hired by a company to perform specific duties in exchange for compensation.