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:

Increasing Differentiation

A strategy where businesses aim to make their products or services stand out more distinctly from competitors'.

Decreasing Cost

The reduction in the total cost of production or operation over time, often achieved through efficiencies, economies of scale, or technological advancements.

Industry Factors

External influences that affect a sector's performance, including economic conditions, technological advancements, regulatory changes, and competitive dynamics.

Existing Marketplace

The current environment in which goods and services are bought and sold, including all of its conditions and competitors.