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:

Owning Things

The act of possessing or having property, goods, or assets.

Liquid Approach

A flexible, adaptable strategy or methodology, often in business or creative endeavors, that allows for seamless changes in direction or concept.

Luxury Branding

The process of marketing products or services as luxury items, characterized by their quality, exclusivity, and accompanying prestige.

Critical Networks

Essential systems or networks of connections that are vital for the operation of a community, organization, or system, often relating to infrastructure or communication.