Which of the Following Is One of Michael Porter's Five

question 25

Multiple Choice

Which of the following is one of Michael Porter's five competitive forces?

• A) the bargaining power of suppliers
• B) the bargaining power of the government
• C) the threat of industrial slowdown
• D) the threat of technological obsolescence

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Definitions:

High-Price Strategy

A pricing strategy where goods or services are sold at a higher price point to suggest luxury or exclusivity, often maximizing profit from each sale.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players keep their strategies unchanged.

Negative-Sum Game

A situation in competitive scenarios where the total losses exceed the total gains.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and often collaborative behavior among the firms.