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CIMA Exam CIMAPRA19-E02-1 Topic 1 Question 101 Discussion

Actual exam question for CIMA's CIMAPRA19-E02-1 exam
Question #: 101
Topic #: 1
[All CIMAPRA19-E02-1 Questions]

Which ofthefollowingbest describes the purpose of Michael Porter's Five Forces model?

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Suggested Answer: A

by Daniela at Sep 17, 2024, 06:16 PM

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Leonard
3 months ago
Hmm, this is a tricky one. I'm gonna go with C, just because I can't imagine Porter coming up with a model that doesn't help you figure out if an industry is worth getting into.
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Noah
2 months ago
User 3: Definitely, you don't want to enter an industry that won't bring in the money.
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Gwenn
2 months ago
User 2: Yeah, I agree. It's all about the profit potential before diving in.
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Grover
2 months ago
User 1: I think C makes sense, you want to know if it's worth being in that industry.
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Gretchen
3 months ago
B) To examine the internal environment to identify the strengths and weaknesses of the business which can be used to gain competitive advantage. Sounds like a good way to get an edge over the competition.
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Dong
4 months ago
D) To analyse the stakeholders of the business and their power and interest in order to manage them effectively. Gotta keep those stakeholders happy, you know!
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Burma
3 months ago
C) To identify the profit potential from the industry to determine whether to enter or remain in the industry.
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Micaela
3 months ago
B) To examine the internal environment to identify the strengths and weaknesses of the business which can be used to gain competitive advantage.
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Sueann
3 months ago
A) To examine the macro environment to identify any triggers for change.
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Valentine
4 months ago
This is a tough one, but I think C is the best answer. Porter's model is all about understanding the industry's profitability, which is crucial for any business decision.
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Judy
3 months ago
I see your point, but I still believe C is the most accurate. Knowing the profit potential can really impact strategic decisions.
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Novella
3 months ago
I think B might also be a good choice. Analyzing internal strengths and weaknesses can definitely help in gaining a competitive advantage.
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Cristina
3 months ago
I agree, C is the correct answer. Understanding the profit potential of the industry is key.
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Lavonda
4 months ago
C) To identify the profit potential from the industry to determine whether to enter or remain in the industry. Seems like the most accurate choice to me.
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Patrick
3 months ago
B) To examine the internal environment to identify the strengths and weaknesses of the business which can be used to gain competitive advantage.
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Alverta
3 months ago
A) To examine the macro environment to identify any triggers for change.
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Dorethea
4 months ago
I believe it's also about analyzing the competitive forces in the industry to gain competitive advantage.
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Cordelia
5 months ago
I agree with Carin. It helps in determining whether to enter or remain in the industry based on the profit potential.
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Carin
5 months ago
I think the purpose of Michael Porter's Five Forces model is to identify the profit potential from the industry.
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