According to ? Porter\'s five forces ? model, an organization should ? _________
ID: 2439191 • Letter: A
Question
According to? Porter's five forces? model, an organization should? _____________. A. focus on its? strengths, weaknesses,? opportunties, and threats B. evaluate an? industry's profitability to determine how best to compete in that industry C. determine the effect of? digitalization, globalization, and deregulation on its product lines D. consider the? political, economic,? social, and technological? macro-environment in which it competes E. use the? growth-share matrix to analyze its product line According to? Porter's five forces? model, an organization should? _____________. A. focus on its? strengths, weaknesses,? opportunties, and threats B. evaluate an? industry's profitability to determine how best to compete in that industry C. determine the effect of? digitalization, globalization, and deregulation on its product lines D. consider the? political, economic,? social, and technological? macro-environment in which it competes E. use the? growth-share matrix to analyze its product line According to? Porter's five forces? model, an organization should? _____________. According to? Porter's five forces? model, an organization should? _____________. According to? Porter's five forces? model, an organization should? _____________. A. focus on its? strengths, weaknesses,? opportunties, and threats B. evaluate an? industry's profitability to determine how best to compete in that industry C. determine the effect of? digitalization, globalization, and deregulation on its product lines D. consider the? political, economic,? social, and technological? macro-environment in which it competes E. use the? growth-share matrix to analyze its product line A. focus on its? strengths, weaknesses,? opportunties, and threats B. evaluate an? industry's profitability to determine how best to compete in that industry C. determine the effect of? digitalization, globalization, and deregulation on its product lines D. consider the? political, economic,? social, and technological? macro-environment in which it competes E. use the? growth-share matrix to analyze its product line A. focus on its? strengths, weaknesses,? opportunties, and threats B. evaluate an? industry's profitability to determine how best to compete in that industry C. determine the effect of? digitalization, globalization, and deregulation on its product lines D. consider the? political, economic,? social, and technological? macro-environment in which it competes E. use the? growth-share matrix to analyze its product line A. focus on its? strengths, weaknesses,? opportunties, and threats B. evaluate an? industry's profitability to determine how best to compete in that industry C. determine the effect of? digitalization, globalization, and deregulation on its product lines D. consider the? political, economic,? social, and technological? macro-environment in which it competes E. use the? growth-share matrix to analyze its product line A. focus on its? strengths, weaknesses,? opportunties, and threats A. focus on its? strengths, weaknesses,? opportunties, and threats focus on its? strengths, weaknesses,? opportunties, and threats B. evaluate an? industry's profitability to determine how best to compete in that industry B. evaluate an? industry's profitability to determine how best to compete in that industry evaluate an? industry's profitability to determine how best to compete in that industry C. determine the effect of? digitalization, globalization, and deregulation on its product lines C. determine the effect of? digitalization, globalization, and deregulation on its product lines determine the effect of? digitalization, globalization, and deregulation on its product lines D. consider the? political, economic,? social, and technological? macro-environment in which it competes D. consider the? political, economic,? social, and technological? macro-environment in which it competes consider the? political, economic,? social, and technological? macro-environment in which it competes E. use the? growth-share matrix to analyze its product line E. use the? growth-share matrix to analyze its product line use the? growth-share matrix to analyze its product lineExplanation / Answer
Answer :
Correct answer is B. Evaluate an industry's profitability to determine how best to compete in that industry.
There's no explanation as to why is this the correct answer; that is what the model is about. Going through the model you'll know the crux of it is focused on Competition based on profitability which depends on 5 competitive forces : buyers in the industry, suppliers in the industry, substitutes available, new entrants in the industry and the existing rivals.