Which of the Following Is NOT Considered to Be One

question 20

Multiple Choice

Which of the following is NOT considered to be one of Michael Porter's Five Forces?

• A)Threat of new entrants
• B)Bargaining power of suppliers
• C)Threat of substitute products or services
• D)Diminished rivalry among current competitors

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Definitions:

Void

Describes a contract or legal agreement that lacks validity and enforceability from the outset.

Economic Duress

Coercion involving threats to a person’s business or financial condition that compel the person to act against their will in entering a contract.

Voluntary Choice

The concept of making decisions freely, without coercion, often discussed in contexts of contract law and ethics.

Legitimate Alternatives

Viable and lawful options or solutions that are considered acceptable within a given context or situation.