The Automobile Industry Is Characterized by Many Manufacturers and Intense

question 67

Multiple Choice

The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________.

• A)low threat of substitutions
• B)high bargaining power of suppliers
• C)high levels of rivalry
• D)low bargaining power of customers

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Definitions:

Stress

Stress is a physical and emotional response to a challenge or demand, characterized by feelings of anxiety, tension, and strain.

Clingy

Exhibiting a strong emotional dependence or attachment to someone, often to an excessive or unreasonable degree.

Behaviour

Actions or mannerisms made by individuals, systems, or artificial entities in conjunction with their environment, which includes the other systems or organisms around as well as the physical environment.

Age Ranges

Specific segments of the population defined by their age, used for various analyses and demographic studies.