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?

• A) investors
• B) competitors
• C) employees
• D) customers

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Definitions:

Shared Understanding

The common knowledge or beliefs held by a group of people, facilitating communication, cooperation, and collective action.

Objective Goal

A target or aim that is not influenced by personal feelings, interpretations, or prejudice; it is based on factual criteria and can be externally verified.

Global Economy

The interconnected system of economic activities, markets, and trade operations that span across the world, influencing local and international economies.

Geographical Era

A period in history defined by significant geographic exploration, changes, or the prevailing geographical understanding of the time.