The Bargaining Power of Customers Is One of Porter's Five

question 36

True/False

The bargaining power of customers is one of Porter's five competitive forces.

---

Definitions:

Withdraw Resources

The act of removing or reallocating financial, material, or human resources from certain projects, areas, or investments.

Political Influence

The impact exerted by individuals, groups, or organizations on political decisions and policies to promote certain outcomes or interests.

Secondary Stakeholders

Groups or individuals who are indirectly affected by a company's operations, such as the wider community, government, or trade associations, differing from primary stakeholders like customers and employees.

Consumer Trust

The confidence consumers have in the safety, quality, and integrity of the products and services they purchase and the companies that provide them.