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olasank [31]
3 years ago
15

Porter's Five Forces framework has been around since the 1980's and has been very effective in evaluating industry attractivenes

s. Changes in the dynamic nature of industries has not impacted the usefulness of the tool. The tool has no limitations. Group of answer choices
Business
1 answer:
Fed [463]3 years ago
3 0

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.

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All of the following are functions of a knowledge management system EXCEPT: a. designing information systems. b. improving colla
Alika [10]

Answer:

designing information systems

Explanation:

knowledge management system are system designed to managed the knowledge of a company. The design of IT Systems is not under it scope.

7 0
3 years ago
The US agricultural sector experienced a severe drought in 2012. A drought decreases the supply of agricultural products, which
Nataliya [291]

Answer:

True

Explanation:

Exceptionally good weather will guarantee a good yield in crops. This will lead to an increase in supply of produce to the market, and when supply increases, the supply curve shifts to the right.

This is simply because there are more products and more sellers, and this will result in more supply.

5 0
3 years ago
The long-run supply curve for a product is horizontal with ATC = 200. Market demand is defined as P = 1,000 − 4 Q. The market is
ANTONII [103]

Answer:

65 firms will be in the industry at the new long run equilibrium

Explanation:

in the long run the P=ATC

quantity before the change is

200 = 1000-4Q

4Q = 800

Q= 200

each firm output = Q/number of firms = 200 / 50

q = 4

new quantity is

200 = 1240-4Q

4Q = 1040

Q = 260

number of firms=new Q/q

=260/4 = 65

the number of firms is 65 in the long run.

3 0
3 years ago
Is it possible to be a copywriter and art director?
mote1985 [20]
Yes if you actually try to become them
4 0
3 years ago
reported net income of $22,000 for the current year. During the year, Inventory decreased by $7,800, Accounts Payable decreased
Artist 52 [7]

Answer:

$24,800

Explanation:

Indirect method reconciles the Net Income to Operating Cash flow by adjusting for non -cash items previously included in net income and changes in working capital.

Cash flow from Operating Activities

Net income                                                     $22,000

Add Depreciation Expense                            $10,800

Less gain on the sale of equipment was         ($500)

Decrease in Inventory                                      $7,800

Decrease in Accounts Payable                     ($8,400)

Increase in Accounts Receivable                 ($6,900)

net cash provided operating activities        $24,800                                                        

Therefore

The net cash provided (used) by operating activities is $24,800

4 0
2 years ago
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