In the Context of Porter's Five Forces Model, Which Is

question 21

Multiple Choice

In the context of Porter's Five Forces Model, which is a difference between buyer power and supplier power?

• A)Buyer power is low when customers have many choices, whereas supplier power is low when customers have fewer options.
• B)Buyer power is high when customers have few choices, whereas supplier power is high when customers have more options.
• C)Buyer power is low when customers have many options, whereas supplier power is low when customers have more choices.
• D)Buyer power is high when customers have many choices, whereas supplier power is high when customers have fewer options.

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Definitions:

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within a few centimeters of each other.

Smart Card Reader

A device that can read flash media. Also called a multi-card reader. It can also be a device used to read the embedded chips in smart cards.

Disk Management

A Windows tool used to partition and manage hard drives.

Device Manager

A component of the Microsoft Windows operating system that allows users to view and control the hardware attached to the computer.