Michael Porter Defined the Five Forces Model and the Potential

question 63

Multiple Choice

Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

• A)Suppliers can drive down profits by charging more for supplies.
• B)Greater sales automation can decrease time taken to fulfil sales orders.
• C)Substitute products can steal customers.
• D)Competition can steal customers.

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Definitions:

Static Definition

A fixed or unchanging explanation of a term, concept, or phenomenon that does not allow for variation or evolution over time.

Racial Attitudes

The beliefs, feelings, and actions toward people or groups based on their race, which can range from prejudice and bias to acceptance and inclusivity.

Fixed Fallacy

The mistaken belief that certain traits, abilities, or preferences are unchanging and cannot be altered through any means of intervention or development.

Symbolic Power

The ability to shape perceptions, influence social norms, and control the flow of information through symbols, language, and cultural practices.