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.

---

Definitions:

Foreign Corrupt Practices Act

A United States law that prohibits U.S. companies and their employees from bribing foreign officials to retain or obtain business.

Foreign Companies

Companies that are incorporated in one country but operate, have offices, or conduct significant business activities in other countries.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Sustainable Business Practice

This refers to business strategies and activities that consider the long-term impact on the environment, society, and the economy, aiming to meet the needs of the present without compromising the ability of future generations to meet their own needs.