Michael Porter Puts Forward Five Forces That Shape the Industry

question 19

Multiple Choice

Michael Porter puts forward five forces that shape the industry in which a firm operates.Which of the following is NOT one of the forces?

• A)Threat of new entrants
• B)Legislative power of the government
• C)Rivalry among existing competitors
• D)Threat of substitute products or services

Compare the different sources of state and local government revenues.

Understand employment distribution within local and state governments, particularly in the education sector.

Grasp the basics of tax incidence and its probable effects on consumers and businesses.

Differentiate between the types and categories of government expenditures.

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Definitions:

Title Company

A business that facilitates real estate transactions by verifying property titles, conducting closings, and issuing title insurance.

Escrow Agent

A neutral third party responsible for holding assets in trust until predetermined contractual conditions are met.

Insect Infestation

The presence of large numbers of insects in a place, causing damage or disease to crops, buildings, or animals.

Structural Defects

Flaws or imperfections in the construction or design of a building or structure that can affect its stability, safety, or usability.