According to the Five Forces Model Developed by Harvard Business

question 27

Multiple Choice

According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except:

• A) Competitive rivalry among firms existing in the industry
• B) Bargaining power of suppliers
• C) Bargaining power of customers or buyers
• D) Technological IT) superiority

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Definitions:

Formal Operations

The final stage in Piaget's theory of cognitive development (generally from age 12 onwards), where individuals develop the ability to think abstractly, logically, and systematically.

Right Or Wrong

A moral or ethical judgement about actions or decisions, often based on societal norms, personal beliefs, or legal standards.

Achieving Stage

The point reached by young adults in which intelligence is applied to specific situations involving the attainment of long-term goals regarding careers, family, and societal contributions.

Long-Term Goals

Objectives or plans that an individual aims to achieve over an extended period, which require time, planning, and effort to accomplish.