In the Context of Porter's Five Forces Model, an Organization

question 83

Multiple Choice

In the context of Porter's Five Forces Model, an organization limits buyers' choices by:

• A)encouraging the use of the Internet to gather information about products.
• B)launching duplicate products or services in the marketplace.
• C)offering services that make it difficult for customers to switch.
• D)charging market competitive rates for its products or services.

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Definitions:

World's Economies

The collective economic systems of the world, encompassing various economies of countries, governed by their policies, trade practices, and currency valuations.

Climate Change

The long-term alteration of temperature and typical weather patterns in a place, often attributed largely to human activities such as burning of fossil fuels.

Greenhouse Gases

Gases in the Earth's atmosphere that trap heat, contributing to global warming and climate change.

Global Warming

The ongoing rise in average global temperatures, mainly attributed to human activities such as burning fossil fuels, leading to climate change and associated environmental impacts.