According to the Five Forces Model, ________ are the five competitive forces that determine the level of competition and profitability in an industry.
A. rivals, consumers, labor, weather, and government
B. buyers, suppliers, government, foreign competition, and weather
C. rivals, buyers, suppliers, substitutes, and potential entrants
D. None of the above is correct.
Answer: C
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The lower the exchange rate, the cheaper are foreign-produced goods and services
Indicate whether the statement is true or false
As of 2012, what portion of bank assets were owned by the five largest bank holding companies?
A) 10% B) 25% C) 50% D) 80%
Average cost
A. is always larger than marginal cost. B. declines for some range of output, hits a minimum, and then increases. C. is always smaller than marginal cost. D. is total cost/price of the product.
According to supply-side theorists, a decrease in marginal tax rates will provide the incentive to
A. Invest less. B. Reduce regulation. C. Work less. D. Produce more.