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Which of the Following Groups' Bargaining Power Is Considered as One

question 77

Multiple Choice

Which of the following groups' bargaining power is considered as one of the five competitive forces in Porter's five forces model?


Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Opportunities Forgone

The benefits, profit, or value of something that must be given up to acquire or achieve something else.

Opportunity Cost

The outcome of forgoing possible advantages from other alternatives by choosing one option.

Natural Resources

Resources present in nature, like minerals, forests, water, and fertile lands, that can be tapped for making money.

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