Porter's Five Forces Model Is Used to Evaluate Competition Based

question 6

Multiple Choice

Porter's Five Forces Model is used to evaluate competition based on which 5 aspects?

• A) research and development, cost, legal regulations, suppliers, customers
• B) immediate rivals, potential entrants, customers, suppliers, and substitute products
• C) potential entrants, customers, suppliers, legal regulations, and cost
• D) immediate rivals, potential entrants, cost, substitute products, and legal regulations
• E) cost, legal regulations, advertising effectiveness, potential entrants, and immediate rivals

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Definitions:

Maslow's Hierarchy

A theory in psychology that categorizes human needs into five levels within a hierarchy, from basic needs to self-actualization.

Love and Belongingness

A human emotional need to be an accepted member of a group, whether it be family, friends, or a larger community.

Bereavement Support Group

A gathering of individuals who have experienced the loss of a loved one, offering a communal space for sharing grief and receiving emotional support.

Acute Confusion

A sudden state of disorientation and reduced awareness of the surroundings typically resulting from underlying medical or psychological conditions.