Michael Porter's Five Forces of Competition Framework Links the Structure

question 14

True/False

Michael Porter's five forces of competition framework links the structure of an industry to its overall level of profitability.

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Definitions:

Donee Beneficiary

An individual or entity named in a contract who stands to benefit from the contract's execution, though not a direct party to the agreement.

Contract

A pact between multiple parties that has the power of law to enforce its terms.

Creditor Beneficiary

A third party that benefits from a contract in which the promisor agrees to pay the promisee's debt to the beneficiary.

Donee Beneficiary

A third party who benefits from a contract between two other parties, where the intent is to gift the benefit to the third party.