Which of the Following Scenarios Would Be the Most Favorable

question 11

Multiple Choice

Which of the following scenarios would be the most favorable to an existing firm in the industry according to the Porter model of the competitive environment?

• A) Many competitors, few entry barriers, and few customers.
• B) Many competitors, high threat of entry, many customers.
• C) Few entry barriers, many substitutes, many customers.
• D) High industry growth, many barriers to entry, customers have low bargaining power.
• E) Low industry growth, few barriers to entry, suppliers have low bargaining power.

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Definitions:

Social Harmony

The state of peaceful coexistence and cooperative interaction among members of a society, minimizing conflict and maximising collaborative efforts.

Functionalism

A theoretical perspective in sociology and anthropology that interprets each part of society as contributing to the stability of the whole.

Social Darwinism

The application of Darwin's theory of natural selection to social, political, and economic issues, often used to justify political conservatism, imperialism, and racism.

Scientific Activity

The process of conducting systematic research to increase knowledge, utilizing empirical evidence and scientific methods.