Which of the Following Is True According to Porter's Model

question 66

Multiple Choice

Which of the following is true according to Porter's model?

• A)When start-up costs are low, the threat of new entrants to existing businesses is high.
• B)The power of buyers reduces when deep discounts can be demanded of suppliers.
• C)The power of suppliers is high when constant competition forces them to innovate.
• D)The threat of substitutes is high when there are very few alternative products.

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Definitions:

Wheat

Wheat is a cereal grain considered a staple food globally, used for making products like bread, pasta, and other foods due to its high gluten content.

Corn

A cereal grain which is a staple food in many parts of the world, also known as maize.

Population Growth

The increase in the number of individuals in a population, often measured as an annual percentage.

Henry Ford

An American industrialist and founder of the Ford Motor Company, known for pioneering assembly line production techniques.