Porter's Five Forces Model Is Used to Evaluate Competition Based

question 6

Multiple Choice

Porter's Five Forces Model is used to evaluate competition based on which 5 aspects?

• A) research and development, cost, legal regulations, suppliers, customers
• B) immediate rivals, potential entrants, customers, suppliers, and substitute products
• C) potential entrants, customers, suppliers, legal regulations, and cost
• D) immediate rivals, potential entrants, cost, substitute products, and legal regulations
• E) cost, legal regulations, advertising effectiveness, potential entrants, and immediate rivals

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Definitions:

Latin American

Pertaining to countries in the American continent where Romance languages derived from Latin (primarily Spanish, Portuguese, and French) are spoken.

Scandinavian

Pertaining to the region of Scandinavia, which includes countries like Norway, Denmark, and Sweden, or to its people, languages, or culture.

Monochronic Cultures

Cultures that value doing one task at a time, emphasizing punctuality, schedules, and the completion of tasks in a linear order.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural heritage, and being the second-largest country by total area in the world.