The option that is not among the Porter's five forces is disruptive technologies.
<h3>What are the Porter's five forces?</h3>
The Porter's five forces is used to analyse the competitive forces of firms operating in a particular industry.
The Porter's five forces are:
- Competition in the industry.
- Potential of new entrants into the industry.
- Power of suppliers.
- Power of customers.
- Threat of substitute products
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Answer:
True
<h3>
When does a salesperson tell a customer that a product will last a lifetime?</h3>
- Statements such as "The performance of this product is top-notch" can be classified as expressed warranties.
- When a salesperson tells a customer that a product will last a lifetime, such a claim is most likely an example of sales puffery.
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The idea behind Nixon's decision to "freeze" wages and prices was inflation affects wages and prices, so freezing those would halt inflation.
When the total demand (AD) exceeds the total supply (AS) of a given item or service in the market, this is referred to as inflation.
As a result, the cost of those goods and services rises. This occurs as a result of people having money, either through high government spending or from high incomes or low loan rates.
Nixon thus decides to maintain a specific level of prices and salaries in order to freeze employment. As a result, the population's purchasing power will be constrained, and prices will eventually balance out.
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