Porter's Five "Forces," Used So Often in the Text for Analysis

question 38

Multiple Choice

Porter's five "Forces," used so often in the text for analysis of IT applications, include all of the following except:

• A) Threat of substitute products
• B) Bargaining power of suppliers
• C) Bargaining power of customers
• D) New entrants
• E) Switching costs

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Definitions:

Evaporation

The process by which water and other liquids transform from their liquid state into vapor, a phase change that typically occurs at the surface of the liquid and can be influenced by temperature, pressure, and surface area.

Cohesion

The force that holds together molecules of the same substance, for example, the attraction between water molecules.

Sweat

A liquid produced by the body’s sweat glands, primarily composed of water, salts, and proteins, it functions to cool the body through evaporation.

Atoms

The basic units of matter, consisting of a nucleus surrounded by electrons.