Michael Porter Proposed That Business-Level Strategies Originate with the Primary

question 3

Multiple Choice

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment;these forces are

• A)the threats of new entrants and the bargaining power of buyers and suppliers.
• B)the threats of substitute products and the services and competitive rivalries.
• C)the threats of new entrants and substitute products or services,the bargaining power of suppliers and buyers,and competitive rivalries.
• D)the threats of government paperwork and tax increases,the bargaining power of suppliers,and competitive rivalries.
• E)the bargaining power of suppliers.

---

Definitions:

Sample

A subset of the population.

Test Statistic

A metric derived from data in a sample during a hypothesis testing process, employed to decide if the null hypothesis should be discarded.

Proportions

Ratios indicating the fractional part of a whole that have specific characteristics.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis, significant in hypothesis testing.