Michael Porter's Five Competitive Forces Include Which One of the Following

question 28

Multiple Choice

Michael Porter's five competitive forces include which one of the following:

• A)Global competition
• B)Intensity of demand by customers.
• C)Bargaining power of competitors.
• D)Intensity of rivalry among competitors.
• E)None of the above.

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Definitions:

Negative Externality

Occurs when the production or consumption of a good or service imposes costs on third parties who are not involved in the transaction.

Marginal Cost

The financial impact of producing one more unit of a product or service.

Marginal Social Cost

The additional cost incurred by society as a whole due to the production of one more unit of a good or service.

Damage Cost

The monetary cost associated with the harm done to goods in an economy, which can result from disasters, accidents, or intentional acts.