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Business Management MCQs

According to the textbook, the five forces model can be used in the following two ways: ________.

First, to help a firm determine whether it should enter an industry in an aggressive or a conservative manner, and second, to help a firm determine whether to compete in international markets in that industry.

First, to help a firm determine if it should enter a single or multiple niches in an industry, and second, to help a firm determine whether it can be competitive in that industry

First, to help a firm determine what industry it is best equipped to compete in, and second, to help a firm determine whether to compete in international markets in that industry

First, to help a firm determine what niche to enter within an industry, and second, to help a firm determine whether it can be competitive in that industry

First, to help a firm determine whether it should enter a particular industry, and second, to help a firm discern whether it can carve out an attractive position in that industry

Answer

Correct Answer: First, to help a firm determine whether it should enter a particular industry, and second, to help a firm discern whether it can carve out an attractive position in that industry

Explanation:

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