According to Porter's Model,a Strong or High Force Is Likely

question 44

Multiple Choice

According to Porter's model,a strong or high force is likely to reduce profits and can be regarded as a(n)

• A) benefit.
• B) opportunity.
• C) advantage.
• D) threat.
• E) risk.

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Definitions:

Organic

Pertaining to or derived from living organisms; in agriculture, involving food produced without the use of synthetic pesticides or fertilizers.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.

Profit-Maximizing

A strategy or approach aimed at achieving the highest possible profit from operations, often involving minimizing costs and maximizing revenues.

Negative Externality

A negative externality exists when a product or decision results in a negative effect on a third party not directly involved in the transaction.