Which of the Following Offers an Example Where Porter's Five

question 456

Multiple Choice

Which of the following offers an example where Porter's five forces are mostly strong and competition is high?

• A)A dog walking business.
• B)A ski resort.
• C)A professional hockey team.
• D)All of the above.

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Definitions:

Excise Tax

A tax applied to specific goods, services, or activities, often with the intention of reducing their consumption or generating revenue.

Upward-Sloping

Refers to a line or curve on a graph that moves higher as it travels from left to right, indicating an increase in one variable as another variable increases.

Leather Shoes

Footwear made from the hide of animals, treated and crafted into durable goods.

Excise Tax

A tax levied on specific goods, services, or transactions, often imposed on items such as gasoline, tobacco, and alcohol for revenue or to discourage consumption.