Which of the Following Is Not Identified by Porter as One

question 77

Multiple Choice

Which of the following is not identified by Porter as one of the five forces that explains competition in an industry?

• A)threat of new entrants
• B)threat of substitute products or services
• C)bargaining power of suppliers
• D)bargaining power of competitors
• E)the competitive rivalry among current members

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Definitions:

Negotiability

The characteristic of a written document (such as a check or bill of exchange) that ensures its transferability by endorsement or delivery.

Oral Agreement

An agreement or contract that is made through spoken communication between parties, rather than in written form, but is still legally binding.

Casino Credit

A line of credit extended by a casino to a patron, allowing them to gamble without using cash.

Bad Checks

Checks that cannot be processed because the account on which they were drawn lacks sufficient funds, leading to legal and financial consequences for the issuer.