A Key Limitation of Porter's Five Forces Framework Is That

question 1

Multiple Choice

A key limitation of Porter's five forces framework is that:

• A)I looks only at single industries not at relationships between industries
• B)Competitive strategies may shape industry structure,rather than structure shaping competition
• C)Industries are more complex than can be reduced to five competitive forces
• D)It offers qualitative,not quantitative predictions

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Definitions:

Foot-In-The-Door

A persuasive technique involving making a small request in order to gain compliance with a larger request later.

Obedience

The act of following orders or directions from authority figures, often studied in psychology.

Conformity

The act of matching attitudes, beliefs, and behaviors to what is considered normal or standard in one's social or cultural group.

Compliance

The act of conforming to or following rules, standards, or another's wishes, often due to pressure or regulation.