According to Porter's Five Forces Model, in Which of the Following

question 108

Multiple Choice

According to Porter's five forces model, in which of the following situations would the suppliers have the highest bargaining power?

• A)a single vendor providing raw materials to many department stores
• B)a fashion outlet catering to a niche market
• C)a bank liquidating during a fire sale
• D)a large retailer buying goods from many small suppliers

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Definitions:

Management By Exception

A management strategy where only significant deviations from expected results are addressed, allowing for more efficient use of resources.

Actual Results

The concrete outcomes or data obtained from actions or operations, compared against planned or predicted results.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity.

Static Budgets

A budget that is created for a single level of activity and does not change in response to variations in business activity levels.