Which of the Following Is Not One of the Five

question 1

Multiple Choice

Which of the following is not one of the five competitive forces?

• A) Competition forms substitute products
• B) The threat of potential entry
• C) The strength of industry forces
• D) The bargaining power of buyers
• E) None of the answer choices is correct.

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Definitions:

Joint and Several

A legal term detailing that multiple parties can be held individually or collectively responsible for a single obligation.

Lease Liability

Financial obligation that a lessee has to make payments resulting from a lease agreement, over the lease term.

Implied Warranty

An unstated guarantee that a product or service will meet certain standards of quality and reliability.

Housing Codes

Regulations and standards established to ensure residential buildings are safe, sanitary, and suitable for occupants.