Porter's Five Forces Model Contains Which of the Following

question 19

Multiple Choice

Porter's Five Forces Model contains which of the following?

• A) immediate rivals
• B) potential entrants
• C) customers
• D) suppliers
• E) all of the Above

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Definitions:

TC

Total cost, which is the sum of all costs incurred by a firm in the production of goods or services.

Economic Profit

The variance between sales income and the alternative costs of the inputs needed.

Economic Profits

The difference between total revenue and total explicit and implicit costs.

Job Rotation

Job rotation involves periodically moving employees between different tasks or positions within an organization to broaden their skills and prevent job boredom.