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100.
The Porter's Five Forces Model analyzes the competitive forces within the environment in which
(p. 20)
a company operates to assess the potential for __________ in an industry. profitability AACSB: Reflective Thinking AACSB: Technology Blooms: Understand Difficulty: 2 Medium Learning Outcome: 02-02 Describe Porter's Five Forces Model and explain each of the five forces. Topic: The Five Forces Model-Evaluating Industry Attractiveness
101.
__________ power measures the ability of buyers to affect the price they must pay for an item.
(p. 20)
Buyer AACSB: Reflective Thinking AACSB: Technology Blooms: Remember Difficulty: 1 Easy Learning Outcome: 02-02 Describe Porter's Five Forces Model and explain each of the five forces. Topic: The Five Forces Model-Evaluating Industry Attractiveness
102.
The threat of substitute products or services is _____ when there are many alternatives to a
(p. 21)
product or service and low when there are few alternatives from which to choose. high AACSB: Reflective Thinking AACSB: Technology Blooms: Understand Difficulty: 2 Medium Learning Outcome: 02-02 Describe Porter's Five Forces Model and explain each of the five forces. Topic: The Five Forces Model-Evaluating Industry Attractiveness
103.
The __________ chain consists of all parties involved, directly or indirectly, in obtaining raw
(p. 21)
materials or a product. supply AACSB: Reflective Thinking AACSB: Technology
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