Which of These,according to Porter Is NOT a Force Driving

question 15

Multiple Choice

Which of these,according to Porter is NOT a force driving industry competition?

• A) Threat of new entrants
• B) Bargaining power of buyers
• C) Bargaining power of distributors
• D) Threat of substitutes

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Definitions:

Marginal Product

The extra production obtained when one additional unit of a specific input is used, while all other inputs stay unchanged.

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor supplied and the wage rate in a given market.

Equilibrium

A state in a market where supply equals demand, with no external forces causing disruption, hence prices tend to stabilize.

Labor Supply

The cumulative hours that workforce members are eager and able to dedicate to work, provided a set wage.