The Bargaining Power of Customers Is One of the Competitive

question 105

True/False

The bargaining power of customers is one of the competitive forces identified by Porter.

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Definitions:

Printed Memos

Physical memorandums circulated within an organization to communicate information or instructions.

E-messages

Electronic messages that are transmitted over the internet or other digital network, including emails and instant messages.

Richness

In communication, the depth and complexity of information conveyed, often enhanced by the medium's ability to facilitate immediate feedback and convey multiple cues like tone and body language.

Face-to-face Conversation

Direct interpersonal communication where individuals talk with each other in person, allowing for immediate feedback and non-verbal cues.