Information-Based Industries Are Most Susceptible to Which One of Porter's

question 103

Multiple Choice

Information-based industries are most susceptible to which one of Porter's five forces?

• A) threat of entry of new competitors
• B) bargaining power of suppliers
• C) bargaining power of customers
• D) threat of substitute products
• E) rivalry among existing firms in an industry

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Definitions:

Communication Adaptation Strategy

This involves adjusting a company’s communication methods to better fit the cultural and social norms of different target markets.

Global Markets

Worldwide trading environments where goods, services, and financial instruments are bought and sold.

Promotion Efforts

The activities and strategies used to increase awareness of a product or service, aiming to boost sales and customer engagement.

Product Adaptation

The process of modifying a product to suit the needs, preferences, or standards of a particular market or group of customers.