Wal-Mart Is Perhaps One of the Best Illustrations of the Threat

question 131

Multiple Choice

Wal-Mart is perhaps one of the best illustrations of the threat of ________ found in Porter's model.

• A) intense segment rivalry
• B) new entrants
• C) substitute products
• D) buyers' growing bargaining power
• E) suppliers' growing bargaining power

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Definitions:

Bus Tickets

Physical or electronic documents that allow an individual to travel on a bus for a specific journey.

Inferior Goods

Goods whose demand decreases as the income of the consumers increases, opposite to what is observed with normal goods.

Normal Good

A normal good is a type of good for which demand increases when income increases, and decreases when income decreases, showing a direct relationship between income and demand.

Consumer Income

The total income received by consumers, including wages, salaries, benefits, and income from investments, which can be spent or saved.