Which of the Following Is Not a Competitive Force Firms

question 2

Short Answer

Which of the following is not a competitive force firms should consider when formulating a business model? a. Intensity of competition.
B) Barriers to new entrants.
C) Threats from substitute products.
D) Bargaining power of suppliers.
E) All of the above are competitive forces firms should consider.

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Definitions:

Federal Gasoline Tax

A tax imposed by the federal government on the sale of gasoline, used primarily to fund transportation infrastructure projects like highways and bridges.

Substitutes

Products or services that can replace each other in use, such that an increase in the price of one leads to an increase in the demand for the other.

General Equilibrium

A condition in economics where supply and demand are balanced across all markets in the economy simultaneously.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.