According to Porter, What Is Usually the Most Powerful of the Five

question 43

Multiple Choice

According to Porter, what is usually the most powerful of the five competitive forces?

• A) Potential development of substitute products
• B) Bargaining power of suppliers
• C) Bargaining power of consumers
• D) Rivalry among competing firms
• E) Potential entry of new competitors

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.

Duress

Compulsion, force, or pressure exerted upon a person to coerce them into performing an act against their will or judgment.

Public Policy

Principals and standards considered to be in the interests of the public and used as a guide for lawmaking.

Morally Reprehensible

Actions or behaviors that are considered extremely unacceptable by societal ethical standards.