According to the Five Forces Model Developed by Harvard University

question 130

Multiple Choice

According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:

• A)Competitive rivalry among firms existing in the industry
• B)Bargaining power of suppliers
• C)Bargaining power of customers or buyers
• D)Technological (IT)superiority

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Definitions:

Unused Capacity

Represents the available production or service facility capability that is not being utilized to its full potential.

Condensed Income Statement

A simplified financial statement that highlights a company's revenues, expenses, and profits over a specific period, omitting detailed line items.

Discontinuance

This term refers to the cessation of operations or activities in a specific business segment or location.

Sunk Cost

A cost that has already been incurred and cannot be recovered.