______ in the Porter's Five Forces Model Is High When

question 67

Multiple Choice

______ in the Porter's Five Forces Model is high when buyers have many choices of whom to buy from and low when their choices are few.

• A) Buyer power
• B) Supplier power
• C) Threat of new entrants
• D) Rivalry among existing competitors

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Definitions:

Manager

A manager is an individual responsible for directing and overseeing the operations and personnel within a department or organization, focusing on achieving goals and managing resources.

Mediation

A neutral party tries to help conflicting parties improve communication to resolve their dispute.

Neutral Third Party

An unbiased individual or entity not directly involved in a situation who may help mediate or arbitrate disputes.

Distributive Negotiations

A negotiation process focusing on dividing limited resources or reaching an agreement where one party's gain is the other party's loss.