Which of the following is not a ‘force’ in the “Porter Five Forces Model” ?
Complementary produce
Michael Porter's Five Forces Model (1979) explains how the structure of an industry determines its competitive intensity and long-run profitability.
The five forces are: the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, the threat of substitute products or services, and the rivalry among existing competitors in the industry.
Buyers and suppliers appear in the model through their bargaining power: powerful buyers push prices down or demand more quality, while powerful suppliers raise input prices or reduce quality. Industry rivalry is the central force, reflecting price wars, advertising battles and new product launches among existing firms.
Complementary products (printed here as "Complementary produce") are goods used together with the industry's product, such as software for hardware. Some later writers proposed complementors as a possible sixth force, but they are not part of Porter's original five forces.
Hence, Complementary produce.
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(i) Business ethics and moral standards
(ii) Business and managerial policies
(iii) Prospects of business development
(iv) Government rules and regulations
(v) Industrial relations
Codes :
Which among the following is not a correct sequential combination ?
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Important Questions from Concepts and elements of business environment
Which of the following is NOT an external factor acting as a barrier to entrepreneurship?
There are various impacts of government policy changes on business and industry. Out of the following options, which is NOT true about the given statement?
For the following two statements regarding infrastructural services in the country, choose the correct code for the statements being correct or incorrect.
Statement I: Most infrastructure services are provided by public monopolies which generally suffer with severe problems like lack of accountability, low productivity, poor financial performance and over-employment.
Statement II: There is a need now to induce more private sector investment and participation in sharing, accountability, monitoring and management of infrastructure sector.
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A): The multilateral trading system is an attempt by governments to make the business environment stable and predictable.
Reason (R):Promising not to raise trade bathers can be as important as lowering one, because the promise gives businesses a clearer view of their future market opportunities.
Match List I with List II
List I
List II
(a)
Size of the market
(i)
Globalization of business
(b)
Demographic environment
(ii)
Foreign trade policy
(c)
Export-oriented units
(iii)
Macro - environment
d)
Multinational corporations
(iv)
Non - economic environment
Choose the correct option from those given below
