In Accordance with Porter's Five Forces Model,_____ Power Is High

question 7

Multiple Choice

In accordance with Porter's Five Forces model,_____ power is high when customers have fewer options and low when customers have more options.

• A)buyer
• B)prospect
• C)user
• D)supplier

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Definitions:

Standard Deviation

A measure of the dispersion or variability within a dataset, indicating how spread out the values are from the mean.

Coefficient Of Variation

A consistent way to quantify the variability of a probability or frequency distribution, represented as a proportion of the mean.

Range

The gap between the maximum and minimum numbers within a dataset.

College Student

An individual who is enrolled in and attending courses at a college or university.