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:

Deming

Refers to W. Edwards Deming, an American engineer and statistician known for his work in quality management and his influential ideas in improving business processes.

Numerical Quotas

Specific numeric limits set for production, sales, or other business metrics that need to be achieved within a given timeframe.

Training and Knowledge

The process and activities aimed at enhancing the skills, competencies, and understanding of individuals or groups for better performance and problem-solving.

Quality Is Free

A principle asserting that investing in higher quality processes, materials, and standards reduces costs in the long run by minimizing waste, errors, and defects.