Elements of the Five Forces Can Be Quantified

question 106

Multiple Choice

Elements of the five forces can be quantified.This is important for analyzing industry structure.Which of the following is not an example of an element that can be quantified?

• A) the percentage of the buyer total cost accounted for by the industry product
• B) the percentage of industry sales required to fill a plant or operate a logistical network to efficient scale
• C) the buyer switching cost
• D) the governmental regulatory policy

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Definitions:

Cortex

The outer layer of the cerebrum of the brain, involved in many high-level brain functions such as thought, memory, and reasoning.

Transmission

The process by which something is spread or conveyed from one person or place to another.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, allowing humans to perceive objects and movement outside the direct line of sight.