Porter's Five Forces Framework

To identify the core competencies of a business

To assess the macroenvironment of a business

To determine the profitability of a business

To analyze the operating environment of a business (correct)

Pure competition (correct)

Monopolistic competition

Oligopoly

Monopoly

Forces that determine the competitive intensity of an industry

General forces affecting the external business environment

Forces that influence the overall industry attractiveness

Forces close to a company that affect its ability to serve its customers (correct)

<p>It may necessitate a business unit to reassess the marketplace given the overall change in industry information</p> Signup and view all the answers

<p>By applying their core competencies, business model, or network</p> Signup and view all the answers

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