Answer:
False
Explanation:
Porter's Five Forces framework is a list of factors which provide an explanation to the forces affecting competition in industries. These five forces include;
1. Competition in the industry
2. Potential of new entrants into the industry
3. Power of suppliers
4. Power of customers
5. Threat of substitute products
Over the years, these five forces have been used in explaining the structure of certain industries. The framework however has limitations, some of which include,
1. It is not in terms with current realities, such as new advancements in technology which were not available as at the time the framework was formed.
2. Some companies operate different structures, whereas, the framework classifies each industry under one structure.
3. There is the possibility of industries to give equal consideration to all five factors, whereas in reality only some of the factors might be applicable to them.
4. Individual companies instead of industries now use the framework to make their business analysis which is not the real reason for the development of the framework. It was meant for industries as a whole.
Someone famous stated this but i don’t know who.
it was something like
whatever i have in my bank account right now, i can only spend 10% of it on something
say i want to buy a house. i will only spend %10 of my total bank balance
C. An increase in demand.
Because people will have more money available for demanding further of those goods. Certain exceptions apply to these rule.
The stakeholder group with the most power over the organization is the board, whose power is gained through formal positions.
<h3 /><h3>How is the board of directors formed?</h3>
It is formed by the company's owners, investors and shareholders, who occupy the highest hierarchical positions and have the greatest decision-making power over organizational actions.
The distribution of power in a company can motivate employees, because leadership is able to influence positive attitudes.
Therefore, in some companies, there is also the decentralization of functions, generating greater autonomy in the lower hierarchical positions.
Find out more about stakeholders here:
brainly.com/question/4404879
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Answer:
a
Explanation:
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