According to the Five Forces Model, an Unattractive Industry Would

question 50

Multiple Choice

According to the five forces model, an unattractive industry would include all of the following characteristics EXCEPT:

• A) low economies of scale needed for new firms to enter.
• B) low supplier power due to commodity inputs.
• C) high threat of substitute products due to a large number of low-cost alternatives.
• D) high bargaining power of buyers due to low switching costs.

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Definitions:

Worth

The value or importance of something, often determined by its qualities or by the amount of money that it can be sold for.

Professional Lobbyists

Individuals or groups hired to influence legislators and government officials on behalf of specific interests or organizations, often to shape public policy or legislation.

Lobbying Disclosure Act

U.S. legislation that requires disclosure of lobbying activities and expenditures to foster transparency in government lobbying efforts.

Federal Level

Pertains to the national level of government as opposed to state or local levels, dealing with national policies and governance.