In Michael Porter's Comparative Advantage Model, What Does "The Power

question 174

Multiple Choice

In Michael Porter's comparative advantage model, what does "the power of buyers" refer to?

• A) the surplus income of buyers
• B) the bargaining power of buyers
• C) the negotiation tactics of the suppliers the companies buy from
• D) the number of purchasing agents within an industry

---

Definitions:

Foresight

The ability to anticipate future trends, consequences, or needs and prepare accordingly.

Intuition

The ability to understand or know something immediately, based on feelings rather than facts or evidence.

Technical Skills

The expertise and competencies required to perform specific tasks in fields such as IT, engineering, or other specialized areas.

Organizational Unit

Represents a subdivision within an organization designed to carry out specific functions or responsibilities.