Paula Is the Owner and Operator of a High-End Online

question 42

Multiple Choice

Paula is the owner and operator of a high-end online custom clothing company.Paula has never heard of Porter's Five Forces model and she wants to understand why she would perform an analysis using it.If you were tasked with explaining Porter's Five Forces model to Paula, what would be the primary reason she would want to use this type of analysis?

• A)to help Paula choose a clothing business focus
• B)to help Paula evaluate the attractiveness of the clothing industry
• C)to help Paula evaluate and execute business goals
• D)All of these are correct.

Analyze how policies can address global warming and pollution through market-based approaches like cap-and-trade systems.

Appreciate the impact of asymmetric information on market transactions and the quality of goods and services.

Examine the benefits and limitations of government actions to correct market failures, including regulating information and licensing.

Understand the effects of externalities in economic transactions and the concept of social cost versus social benefit.