Which of the Following Statements About Michael Porter's Five-Forces Model

question 50

Multiple Choice

Which of the following statements about Michael Porter's Five-Forces Model of Industry Competition is not true?

• A) Substitutes and alternatives are indirect competition.
• B) There are five sets of sources of competition.
• C) Rivals are direct competition.
• D) New entrants are an industry source of competition.

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Definitions:

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how spread out the values are from the mean.

Variance

A statistical measure of the dispersion representing how much the data points in a data set diverge from the mean value.

Mean

The arithmetic average of a set of numbers, calculated by adding them all together and dividing by the number of numbers.

Variance

A statistical measure of the dispersion of data points in a dataset, quantifying how far each data point lies from the mean.