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.

Recognize the causes and consequences of the bullwhip effect within a supply chain.

Identify various obstacles to supply chain coordination, including pricing, incentive, and behavioral obstacles.

Understand the role of information sharing in reducing the bullwhip effect and enhancing supply chain coordination.

Learn about different strategies to mitigate the bullwhip effect and improve supply chain efficiency.

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Definitions:

Facial Feedback Effect

The hypothesis positing that facial muscle movements can affect the experience of emotions.

Behavior Feedback Effect

The phenomenon in which one's behavior can influence and change one's attitudes or feelings, often related to how consistently one's actions reflect personal values.

James-Lange Theory

A theory of emotion suggesting that emotions occur as a result of physiological reactions to events, where the emotional experience is secondary to the physical reaction.

Bodily Changes

Physical alterations or developments in the body that occur due to growth, aging, or health conditions.