According to the Five Forces Model Developed by Harvard Business

question 27

Multiple Choice

According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except:

• A) Competitive rivalry among firms existing in the industry
• B) Bargaining power of suppliers
• C) Bargaining power of customers or buyers
• D) Technological IT) superiority

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Definitions:

Equipment Services Department

A division within a company that is responsible for the maintenance, repair, and management of physical assets and equipment.

Direct Labor-hours

The comprehensive total of hours that staff directly participates in manufacturing.

Variable Maintenance Costs

Expenses for upkeep that fluctuate with the level of operational activity or usage of equipment.

Fabrication

The process of constructing or manufacturing an item from raw or semi-finished materials.