Which Is Considered a Force in the Five-Forces Model

question 88

Multiple Choice

Which is considered a force in the five-forces model?

• A) increased deregulation in an industry
• B) the threat of government intervention
• C) recent technological innovation
• D) rivalry among competing firms

Grasp the concept of market equilibrium and how prices are determined in the market.

Recognize the impact of changes in income and prices of related goods on demand.

Understand the implications of economic conditions such as recession on consumer behavior and market outcomes.

Identify the characteristics of different market structures, including competition and monopoly.

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Definitions:

Environmental Impact

The effect that the actions of individuals, businesses, and industries have on the natural world.

Extended Supply Chain

The inclusion of additional elements in the supply chain, such as second-tier suppliers and distributers, to enhance competitiveness and efficiency.

Main Plant

The primary facility where a company's production activities are concentrated or where its main products are manufactured.

Sustainability

The practice of meeting current needs without compromising the ability of future generations to meet their own needs, often focusing on economic, environmental, and social balance.