alleryStart learning →Porter's five forces belong to which environment in strategy formulation?
AIndustry environment
BLegal environment
CInternal environment
DRemote environment
Answer & Solution
Correct answer: A. Industry environment
Buyer and supplier power, new entrants, substitutes and rivalry describe the industry in which the firm competes.
Keep practising Strategic Performance Management
Browse all Strategic Performance Management questions for CA Final, or explore more Cost and Management Accounting topics.
Related questions
Which Mintzberg type locates products within the market from the consumer's view?Into how many schools of thought did Mintzberg develop his strategy types in 1998?Performance management aligns company goals with those of whom?Performance management should encourage teamwork rather than what?Which perception weakens a performance management system?Which is one of Richard et al.'s three organisational outcomes?Business performance management is also known as what?Business performance management checks whether activities align with what?