The Force from the Five Forces Model That Considers Economies

question 15

Multiple Choice

The force from the five forces model that considers economies of scale, initial capital requirements, cost advantages relevant to company size, and lack of brand loyalty is the ________.

• A)bargaining power of suppliers
• B)threat of new entrants
• C)threat of substitute products or services
• D)rivalry among companies competing

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Definitions:

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Total Utility

The overall pleasure gained through consuming a certain volume of goods or services.

Scented Candles

Fragranced candles that release a pleasant aroma when lit, often used for decoration, lighting, or to create a calming atmosphere.

Total Utility

The overall satisfaction or pleasure received by a consumer from consuming a particular quantity of a good or service.