Porter's Five Competitive Forces Include New Vendors,suppliers,substitute Vendors,customers and

question 8

Multiple Choice

Porter's five competitive forces include new vendors,suppliers,substitute vendors,customers and

• A) finance.
• B) rivalry of firms.
• C) economic pressures.
• D) efficiency of production.
• E) marketing.

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Definitions:

Alternative-Choice

A technique in decision making or sales that narrows options to two possibilities, pushing for a commitment.

Flexible Goggles

Eyewear designed with adaptable and bendable materials, commonly used for protective purposes in sports or industrial settings.

Assumptive Close

A closing technique where the salesperson assumes that the prospect has already decided to buy and moves forward with the next steps as if the decision has been made.

Prospect

A potential customer or client who has shown interest in a company's product or service.