In the Context of Porter's Five Forces Model, Which of the Following

question 30

Multiple Choice

In the context of Porter's Five Forces Model, which of the following is a difference between buyer power and supplier power?

• A) Buyer power is low when customers have many choices, whereas supplier power is low when customers have fewer options.
• B) Buyer power is high when customers have few choices, whereas supplier power is high when customers have more options.
• C) Buyer power is low when customers have many options, whereas supplier power is low when customers have more choices.
• D) Buyer power is high when customers have many choices, whereas supplier power is high when customers have fewer options.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.