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:

Superimposing

The process of laying or placing one thing over another, typically so that both are still evident.

Patterning

The recurring or organized arrangement of elements in a particular sequence or design.

Construct

Bipolar quality or continuum used to classify people.

Selective Perception

Process of seeing, hearing, or making sense of the world around us based on such factors as our personality, beliefs, attitudes, hopes, fears, and culture, as well as what we like and do not like.