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:

Uniformly Distributed

A type of distribution in which all outcomes are equally likely; the probability density function is constant.

Tax Proposal

A plan or suggestion, typically made by a governing body, to impose or alter taxes.

Multinomial Probability

The probability of achieving a given set of outcomes in a multinomial experiment, where each outcome is based on discrete, mutually exclusive categories.

Categorical Outcomes

Results or responses that can be classified into mutually exclusive categories but not ordered.