Which of the Following Is One of the Forces of the Five

question 69

Multiple Choice

Which of the following is one of the forces of the Five Forces Model identified by Michael Porter?

• A)Rivalry among customers
• B)Government regulations
• C)Threat of new entrants
• D)Consumer groups

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Definitions:

Import Tariff

A tax imposed by a government on goods and services imported into its country to protect domestic industries from foreign competition.

Supply and Demand

Economic model of price determination in a market, showing the relationship between the quantity of goods that producers wish to sell at various prices and the quantity consumers wish to buy.

Specific Tax

A fixed amount taxed per unit of a good or service, as opposed to a percentage of the price.

Fraction

A numerical quantity that is not a whole number, represents a part of a whole, typically written with a numerator and a denominator separated by a slash.