Which of the Following Is NOT One of Porter's Five

question 108

Multiple Choice

Which of the following is NOT one of Porter's five forces?

• A) the risk of new entry by potential competitors
• B) the bargaining power of buyers
• C) the threat of substitute products
• D) government changing laws or taxes

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Definitions:

Downward Sloping

Characteristic of a graph indicating that as one variable increases, the other variable decreases, common in demand curves.

Demand

The quantity of a particular good or service that consumers are willing and able to purchase at various prices.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Industry Demand

The total demand for the products of a specific industry, encompassing the collective demand of all consumers for these products.