Porter's Five Competitive Forces Can Be Grouped into Two Types

question 19

Multiple Choice

Porter's five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.

• A)pricing
• B)labor
• C)competition
• D)consumers

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Definitions:

Marginal Cost

The cost of producing one more unit of a good or service.

Marginal Cost

The increased cost resulting from the production of an extra unit of a good or service.

Fourth Unit

A reference to a specific item in a series, often used in economic theories or models to discuss marginal utility or cost of an additional unit.