According to Porter's Five Forces Model, Which of the Following

question 16

Multiple Choice

According to Porter's five forces model, which of the following firms would be least affected by the threat of substitutes?

• A)a used car dealership in New York
• B)a convenience store that sells retail products
• C)a firm that sells the only drug for a disease
• D)a corner latte shop in Atlanta

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Definitions:

Positive Psychologist

A professional who studies the strengths and virtues that enable individuals and communities to thrive, focusing on positive aspects of human behavior.

Evolution

A process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Unconscious Processes

Mental processes not directly accessible to awareness or comprehension, influencing behaviors and perceptions without conscious knowledge.

Reinforcement

A process in behavior analysis that strengthens a desired behavior by providing a reward or removing an unpleasant stimulus.