Using Porter's Analysis, Firms Are Likely to Generate Higher Profits

question 70

Multiple Choice

Using Porter's analysis, firms are likely to generate higher profits if the industry includes which of the following?

• A) Difficult to enter
• B) Unlimited rivalry
• C) Buyers are strong
• D) There are many substitutes

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Definitions:

Collectivism

A cultural value that emphasizes the importance of the group over the individual, prioritizing community and social cohesion.

Personal Modesty

A value or behavior that involves humility, avoiding excess, and maintaining privacy, especially regarding personal life and appearance.

Personal Privacy

The right of an individual to keep their personal matters and relationships confidential and free from intrusion.

Collectivist

A cultural orientation or individual preference emphasizing the importance of groups and the interdependence of its members over individualism.