Answer:
The correct answer is letter "A": Only a small number of suppliers exist and when it is difficult for industry members to switch to attractive substitutes.
Explanation:
Porter's Five Forces is a study scheme named after Harvard Professor Michael E. Porter (born 1947). It helps managers assess competition within the industry.
- <em>The first force analyzes the ease of marketplace entry for new participants.
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- <em>The second factor measures the number and operation of a company's rivals.
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- <em>The third element is the likelihood of a new good or service entering the market that will diminish the sales of existing goods.
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- <em>The four-factor is that industry suppliers have negotiating power.
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- <em>The fifth factor is the bargaining power of customers.
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<em>When the suppliers' bargaining power is higher, there are possibly a few of them in the market. The situation gets worse for manufacturers when switching from one supplier to another represents higher costs or when making the change to substitutes carries a high cost as well.</em>
Human Capital
Which is the productive investment in people gaining skills or values as a result of education or job training programs.
Answer:
1,3,4
Explanation: Those are the one I would choose.
Answer:
$580 billion
Explanation:
Given that
GNP = $600 billion
Receipts of factor income from the rest of the world = $50 billion
Payments of factor income to the rest of the world = $30 billion
So, The computation of the GDP is shown below:
= GNP - Receipts of factor income from the rest of the world + Payments of factor income to the rest of the world
= $600 billion - $50 billion + $30 billion
= $580 billion
Tacobell and I had a amazing manager named big john!
