Competition Theory
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Questions and Answers

Competition can arise between entities such as ______

organisms

Competition is a rivalry where two or more parties strive for a common ______

goal

Animals compete over ______

water supplies

Humans usually compete for ______

<p>food and mates</p> Signup and view all the answers

Porter's 5 Forces model is primarily used to analyze the ________

<p>industry</p> Signup and view all the answers

Competition is a major tenet of market economies and ______

<p>business</p> Signup and view all the answers

One of the drawbacks of the Five Forces model is its __________ nature

<p>backward-looking</p> Signup and view all the answers

The impact of __________ can affect the relevance of the Five Forces model

<p>globalization</p> Signup and view all the answers

One issue with the Five Forces model is that it assumes each company belongs to ________ industry group

<p>one</p> Signup and view all the answers

Some industries may not be heavily impacted by _________ of the five forces

<p>all</p> Signup and view all the answers

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