ACCA BT · Chapter 2 · Question 6 of 11
Which of the following is NOT one of Porter's five competitive forces?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The power of the government
Explanation
Porter's five forces are the threat of new entrants, the threat of substitutes, the bargaining power of customers, the bargaining power of suppliers and competitive rivalry. Government is not one of the five forces, although government policy can affect each force, for example by creating barriers to entry.
More Stakeholders and the external environment MCQs
- Q8A new business wishes to enter an industry where existing firms enjoy large economies of scale, strong brand loyalty and exclusive access…
- Q9In Porter's value chain, which of the following is classified as a primary activity?
- Q10A furniture retailer offers free assembly and a five-year repair service after delivery. In Porter's value chain, which primary activity…
- Q11Which of the following stakeholder groups is generally regarded as having the primary objective of maximising the long-term value of their…
- Q1Which of the following is an internal stakeholder of a company?
