Author Question: In Porter's Five Competitive Forces model, competition from substitute goods or services refers to ... (Read 76 times)

audie

  • Hero Member
  • *****
  • Posts: 532
In Porter's Five Competitive Forces model, competition from substitute goods or services refers to
 
  A) substitute products that come from outside the industry.
  B) substitute products that come from foreign competitors in the same industry.
  C) substitute products that come from domestic competitors in the same industry.
  D) competition from producers of substitutes who outsource their production.

Question 2

What is allocative efficiency?
 
  A) It refers to a situation in which resources are allocated such that the last unit of output produced provides a marginal benefit to consumers equal to the marginal cost of producing it.
  B) It refers to a situation in which resources are allocated to their highest profit use.
  C) It refers to a situation in which resources are allocated such that goods can be produced at their lowest possible average cost.
  D) It refers to a situation in which resources are allocated fairly to all consumers in a society.



vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

For a complete list of videos, visit our video library