According to Porter's Five Competitive Forces Model, Which Kinds of Products

question 235

Multiple Choice

According to Porter's Five Competitive Forces Model, which kinds of products are most likely to limit the ability of firms in an industry to raise prices?

• A)differentiated products that target a small subsegment of the industry
• B)substitutable products produced by firms in different industries
• C)similar products produced by similar industries in low-cost countries
• D)complementary products produced by different firms in the same industry

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Definitions:

Secondary Research

Secondary research involves the summary, collation, and/or synthesis of existing research rather than conducting new research, often using data and findings published by others.

Flexibility

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Analytical Report

A detailed examination that breaks down a complex problem or issue into smaller parts for better understanding.