Which of the Following Is Commonly Used by Organizations to Influence

question 18

Multiple Choice

Which of the following is commonly used by organizations to influence the operation of Porter's five forces?

• A)evasion of taxes
• B)selling at prices below the existing market price
• C)lobbying for governmental action
• D)selling at prices above the existing market price

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Definitions:

Product Life Cycle

The stages a product goes through from its introduction into the market, through its growth and maturity, until its decline and eventual retirement.

Profitability

The ability of a business to earn a profit, measured by the extent to which revenues exceed costs and expenses.

Market Share

The percentage of an industry's sales that a particular company controls, indicating the company's size and competitiveness within the market.

Cloudsourcing

The process of outsourcing various tasks or services to cloud-based services, as opposed to traditional in-house or physical resources.