According to Porter,the Collective Strength of the Interaction of Potential

question 21

Multiple Choice

According to Porter,the collective strength of the interaction of potential entrants,buyers,substitutes,suppliers,firm rivalry,and other stakeholders determine

• A) the level of government action in an industry.
• B) the probable industry attractiveness and business strength position.
• C) the ultimate profit potential in the industry measured in terms of long-run return on invested capital.
• D) the aggregate level of demand for a product line.
• E) the amount of pressure from the societal environment.

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Definitions:

Fine Print

Small, difficult to read text in contracts or advertisements that often contains important information about limitations, exclusions, or conditions.

Legislative Rules

Regulations and guidelines established by legislatures that govern the process and conduct of legislative bodies.

Public Policy

Principles and standards deemed by the judiciary to be of fundamental concern to the state and the whole of society.

Illegality

A condition or status of an action that is forbidden by law.