Which of the Following Drivers of Competition in Porter's fiVe

question 94

Multiple Choice

Which of the following drivers of competition in Porter's five forces model is similar to the assumption in perfect competition that there are many buyers and sellers in the market?

• A) Threat of entry.
• B) Homogeneous products.
• C) Perfect information among buyers and sellers.
• D) Buying power of customers and suppliers.

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Definitions:

Worker Productivity

The measurement of the efficiency of a worker or workforce, evaluated by the amount of work output per unit of work input.

Health Insurance

Category of insurance that pays for losses due to illness or injury.

Social Security

Social Security is a government program that provides financial assistance to people with inadequate or no income, especially the elderly, disabled, and survivors.

Unemployment Insurance

A government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.