Typically,the Weakest of the Five Competitive Forces in an Industry

question 34

Multiple Choice

Typically,the weakest of the five competitive forces in an industry is/are:

• A) the threat posed by potential new entrants.
• B) the bargaining power and leverage that suppliers are able to exercise.
• C) the competitive pressures that stem from the ready availability of attractively-priced substitute products.
• D) the bargaining power and leverage that buyers are able to exercise.
• E) None of these is typically weakest.

Understand how employee benefits can be aligned with strategic objectives.

Recognize the significance of participative management in modifying benefits programs.

Understand how benefits can contribute to an employer's brand and reputation.

Understand cost-effective strategies for small firms to administer benefits.

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Definitions:

Process Reengineering

Process Reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.

Strongly Accepted

A term or concept that is widely acknowledged and embraced by a majority within a certain context or community.

Merchandising Firms

Companies that purchase goods at wholesale prices and resell them at retail prices, making a profit on the spread.

Manufacturing Firms

Companies that produce finished goods from raw materials through the use of labor, machinery, and equipment.