A Company That Is in a Market with Few Buying

question 24

Multiple Choice

A company that is in a market with few buying options for the consumer is experiencing which one of Porter's Five Competitive Forces?

• A) Bargaining power of suppliers
• B) Threat of substitute products
• C) Potential threat of new entrants
• D) Bargaining power of buyers
• E) Industry competitors

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Definitions:

Stakeholders

Parties or individuals who have an interest or investment in a particular business or project and can be affected by its outcomes.

Board of Directors

A group of individuals elected by shareholders to oversee the management and major decisions of a corporation.

Local Communities

Groups of people living in the same geographic area, sharing common social ties, and interacting with each other on a daily basis.

Core Values

Essential tenets or guiding precepts that determine how individuals act and behave within a corporate setting.