Which of the Following Is True Regarding the Impact of the Internet

question 202

Multiple Choice

Which of the following is true regarding the impact of the Internet on Porter's Five Forces affecting industry competition?

• A) Internet increases barriers to entry
• B) Internet decreases bargaining power of suppliers
• C) Internet shifts power away from end customers
• D) Internet cuts down on substitute product threats
• E) Internet blurs differences among competitors

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Definitions:

Mutually Exclusive

Events that cannot occur at the same time, indicating a scenario where the happening of one event precludes the occurrence of the other.

Simple Random Sample

A sampling method where each member of a population has an equal chance of being selected, ensuring the sample's representativeness of the population.

Equal Chance

The concept that every outcome of a particular experiment or event has the same probability of occurring.

Target Population

The entire group about which a researcher intends to generalize the findings from a study.