Industry Growth Rate, Increasing or Falling Demand and Product Differences

question 92

Multiple Choice

Industry growth rate, increasing or falling demand and product differences are factors that represent which of the following competitive forces according to Porter?

• A)threat of new entrants
• B)threat of substitutes
• C)bargaining power of buyers
• D)bargaining power of employees
• E)existing rivalry

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Definitions:

Upsloping

Typically refers to a graph line that shows an increase in a variable as another variable increases; commonly used in economics to describe supply curves.

Suppliers

Entities that provide goods or services to other individuals or organizations, typically for resale or business use.

Federal Income Tax

A tax levied by the United States government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Taxpayers

Individuals or entities that are obligated to pay taxes to government authorities based on earned income, property ownership, or other taxable activities.