Extension of the 'five forces' framework moves it towards:
A)a business system framework
B)a value chain framework
C)both of the above
D)none of the above

Question

Quizplus · Accepted Answer

The extension of the 'five forces' framework towards a business system framework considers the external and internal factors affecting a firm's competitiveness, including suppliers, customers, competitors, complementors, and internal operations. On the other hand, the extension towards a value chain framework explores a firm's primary and support activities, analyzing how each one contributes to adding value to the final product or service. Therefore, both choices A and B are correct, making option C the best choice.

Extension of the 'Five Forces' Framework Moves It Towards