One of the Five Competitive Forces Is the Power of Customers

question 21

True/False

One of the five competitive forces is the power of customers to affect pricing and reduce profit margins.

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Definitions:

Phenol

An aromatic organic compound with the molecular formula C6H5OH, noted for its antiseptic properties.

Forensic Chemistry

A field of chemistry dedicated to the application of chemical principles and techniques to the justice system.

Molecular Polarity

A characteristic of molecules where an uneven distribution of electrons creates regions of positive and negative charges, influencing how molecules interact.

Solvent Interaction

The process by which a solvent can dissolve solute particles, involving physical and chemical interactions.