Which One of the Following Is Not One of the Five

question 8

Multiple Choice

Which one of the following is not one of the five competitive forces that business strategists are supposed to take into account?

• A) competition among business units within the firm
• B) the power of customers to affect pricing and reduce profit margins
• C) the threat of similar or substitute products
• D) the power of suppliers to influence the company's pricing

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Definitions:

Marketing Unit

A division or team within an organization that focuses on marketing strategies, operations, and activities to promote products or services.

Aggressively

Taking bold and forceful actions, often in a competitive context, to achieve particular objectives or goals.

Principle Agency Problem

A situation in corporate governance where the interests of principals (owners) diverge from those of agents (managers), leading to potential conflicts.

Incentive

A benefit or reward intended to motivate or encourage a specific action or behavior in economic or organizational contexts.