A key limitation of Porter’s five forces model of competition is that: Group of answer choices The different levels of industry analysis that the five forces model can be applied to It looks only at single industries not at relationships between industries Industries are more complexity than can be reduced to five competitive forces Competitors’ strategies may shape industry structure, rather than structure shaping competition

Answer and explanation:

After reading the task and going through all the available options, and then doing some research on the topic above these lines, I think it is fair to conclude that a key limitation of Porter's five forces model of competition is that competitors’ strategies may shape industry structure, rather than structure shaping competition.

in the problem you wrote said that the taxi charges $0.070 per mile(which would be 7 cents per mile), but then in your suggested equation you have it as $0.70 per mile (which is 70 cents per mile).

the latter seems more realistic, so i will assume that the taxi costs $5.00 and charges $0.70 per mile with tolls costing an additional $3.50. and it asks you to find how far you can travel on $36.50.

let x the number of miles traveled. since the taxi charges $0.70 per mile, multiplying this by the miles traveled (x) will yield the cost of the taxi ride as far as how far it took you. then adding this amount to the cost of the taxi ($5.00) and the additional cost for the tolls ($3.50) will give you the total cost of the taxi ride ($36.50)

that is,

            (0.70)x + 5.00 + 3.50 = 36.50

adding the like terms on the left-hand side of this equation, we arrive at the following:

            (0.70)x + 8.50 = 36.50

subtracting 8.50 from both sides of the equation, we get:

            (0.70)x = 28.00

to solve for x, divide both sides of the equation above by the coefficient of x (that being, 0.70):

            x = 40

thus, you can travel up to 40 miles on $36.50

why biographies are better than plays

explanation someone is saying they like biographies better