Q104
An individual is credited with the development of the five forces competitive model is ______________.
A.
Henry Fayol
B.
Max Weber
C.
Michael Porter
AnswerD.
Michael Dell
Answer: Option C
Solution
Answer: Option C
Solution:
An individual is credited with the development of the five forces competitive model is Michael Porter. Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths. Five Forces analysis is frequently used to identify an industry's structure to determine corporate strategy.