What Is Not Included in Porter's Five Forces Representation

question 20

Multiple Choice

What is not included in Porter's five forces representation?

• A)the threat of new entrants.
• B)the threat of substitute products.
• C)the indifference of customers.

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Definitions:

Units Of Good

The quantifiable measure of a product or service that is produced by a company.

Utility Function

An expression that quantitatively describes how consumer preferences are ordered, indicating the level of happiness or fulfillment they derive from various goods or services.

Indifference Curves

Graphical representations used in microeconomics to illustrate different combinations of two goods among which a consumer is indifferent in terms of utility or satisfaction.

Preferences Convex

A characteristic of consumer choices where combinations of goods are preferred over extreme options, illustrating a desire for variety.