Porter's Five Forces Are Potential New Entrants, Bargaining Power of Buyers

question 91

True/False

Porter's Five Forces are potential new entrants, bargaining power of buyers, bargaining power of suppliers, threat of substitute products, and rivalry among competitors.

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Definitions:

Political Party

A political party is an organized group of people with similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Social Psychologist

A professional specializing in the scientific study of how individuals think, behave, and feel in social contexts.

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Situational Constraints

External conditions or circumstances that limit or influence someone's actions or behavior.