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Author Question: According to the Five Forces Model, ________ are the five competitive forces that determine the ... (Read 163 times)

vHAUNG6011

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Question 1

The major distinguishing characteristic of oligopoly is that


◦ firms produce differentiated products.
◦ firms can influence the price of their product.
◦ entry into the industry easy.
◦ firms are interdependent.

Question 2

According to the Five Forces Model, ________ are the five competitive forces that determine the level of competition and profitability in an industry.


◦ rivals, buyers, suppliers, substitutes, and potential entrants
◦ rivals, consumers, labor, weather, and government
◦ buyers, suppliers, government, foreign competition, and weather
◦ None of these is correct.


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Marked as best answer by vHAUNG6011 on Apr 19, 2019

connor417

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