Michael Porter Divides Competitive Structure into Five Basic Competitive Forces

question 33

Multiple Choice

Michael Porter divides competitive structure into five basic competitive forces. Which one of the following does not belong?

• A)Threat of entry by new competitors
• B)Bargaining power of the buyers
• C)Bargaining power of the sellers
• D)The relative profit margins between competitors
• E)Rivalry among existing competitors

Recognize the impact of organizational culture on socialization and employee behavior.

Analyze the challenges and benefits of cultural diversity within organizations.

Understand the guidelines for effective diversity management in the workplace.

Describe the relationship between organizational culture and ethical behavior.

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Definitions:

Citizen

A legally recognized subject or national of a state or commonwealth, either native or naturalized.

Double Taxation

The levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes).

S Corporation

A special designation that allows corporations to pass income, losses, deductions, and credits through to their shareholders for federal tax purposes.

C Corporation

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.