Which of Michael Porter's Five Forces Concerns Customers Having the Ability

question 59

Multiple Choice

Which of Michael Porter's five forces concerns customers having the ability to turn to other products to replace those that the industry offers?

• A) threat of new competitors
• B) bargaining power of suppliers
• C) threat of substitute products
• D) bargaining power of buyers

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Definitions:

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Hydrogen Bonds

A weak bond between two molecules resulting from an electrostatic attraction between a proton in one molecule and an electronegative atom in the other, playing a crucial role in the structure of water and biological molecules.

Boils

Painful, pus-filled bumps on the skin resulting from the infection of hair follicles, primarily by Staphylococcus aureus bacteria.

Steam

The gas phase of water, produced when water boils, transferring heat energy and being used in various industrial and cooking processes.