Michael Porter Proposed That Business-Level Strategies Originate with the Primary

question 40

Multiple Choice

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment; these forces are the

• A) threats of new entrants and the bargaining power of buyers and suppliers.
• B) threats of substitute products and the services and competitive rivalries.
• C) threats of new entrants and substitute products or services, the bargaining power of suppliers and buyers, and competitive rivalries.
• D) threats of government paperwork and tax increases, the bargaining power of suppliers, and competitive rivalries.
• E) bargaining power of suppliers.

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Definitions:

Tax-Paying Entity

An individual or organization required by law to pay taxes to a governmental authority.

Federal Income Tax

An annual financial burden placed by the U.S. federal government on the income of different entities including individuals, corporations, and trusts.

Personal Liability

The legal responsibility of an individual to settle debts or legal claims from their own assets.

Partnership's Obligations

The legal and financial duties that a partnership owes to others, including partners, creditors, and the public.