Questions: Porter's five competitive forces form a model for industry analysis.

Porter's five competitive forces form a model for industry analysis.
Transcript text: Porter's five competitive forces form a model for industry analysis.
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Solution

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The answer is the first one: industry.

Explanation for each option:

  1. Industry: Correct. Porter's Five Competitive Forces is a framework for analyzing the level of competition within an industry. It helps to understand the competitive forces that shape every industry and market.
  2. Staff: Incorrect. Porter's model does not focus on staff or human resources; it is concerned with the broader competitive environment of an industry.
  3. Cost: Incorrect. While cost can be a factor in competitive strategy, Porter's Five Forces specifically analyze the competitive dynamics of an industry, not just cost.
  4. Production: Incorrect. Production is an aspect of a company's operations, but Porter's Five Forces model is used to analyze the competitive forces in an industry, not the production processes.

Summary: Porter's Five Competitive Forces form a model for industry analysis. This framework helps to understand the competitive dynamics and the attractiveness of an industry.

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