Re: ::::IIVU ASKARII:::: MGT603 Query!!

option 1

page143

Michael Porter's five forces

Five forces -- the bargaining power of customers, the bargaining power of suppliers, the threat of new

entrants, and the threat of substitute products -- combine with other variables to influence a fifth force,

the level of competition in an industry

2011/4/7 ●๋•ιмяαη αℓι●๋• <candle.in.winds@gmail.com>

I think the answer is 1st.... Plz check and reply...

Question No: 10 ( Marks: 1 ) - Please choose one

Which of the following statements is correct in relation to the Five Forces framework?

► The framework is a means of identifying the forces which affect the level of competition in an industry

► The framework identifies the major stakeholders of an organization

► The framework assists in developing a broad perspective on the environment within which an organization operates

► It is not appropriate in public sector management and for small organizations

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