Which of the Following Is Correct with Respect to Porter's

question 123

Multiple Choice

Which of the following is correct with respect to Porter's Five Forces model?

• A) Rivalry among existing firms is the most important element in the model.
• B) When there are many substitute products available,the industry is less competitive.
• C) When there are only a few suppliers in an industry,buyers have less power.
• D) When substitute products are available,suppliers have more power.
• E) All of these statements are correct.

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Definitions:

Components

The distinct parts or elements that combine to form a whole system or complex entity.

Cognitive Theorists

Scholars and psychologists who study the mental processes such as perception, memory, thought, and problem-solving, emphasizing how individuals acquire, process, and store information.

Depressive Symptoms

Indicators of depression such as persistent sadness, loss of interest in activities, changes in appetite or sleep, and feelings of worthlessness.

Causal Arrow

A concept used to denote the direction of cause and effect in studies and theories.