When the price of potatoes goes up in the price, the total quantity of electric cars that are sold increases, this is an example of which of Porter’s Five Forces?   Potential of new entrants into an industry Power of customers Competition in the industry Threat of substitutes

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
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Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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When the price of potatoes goes up in the price, the total quantity of electric cars that are sold increases, this is an example of which of Porter’s Five Forces?

 

Potential of new entrants into an industry

Power of customers

Competition in the industry

Threat of substitutes

Which one of the following is the biggest red flag when evaluating a market?

 

Small market size

Resource kit

Small country size

Political instability

In a PESTEL analysis all of the following are Technological Factors except:

 

Level of innovation

Defense expenditures

Communication infrastructure

Research and Development activity of firms

Budweiser attempting to sponsor The 2022 World Cup that takes place in Qatar is:

 

Promotion mistake

Disrespecting cultural differences

Good product-market fit

Bad price-market fit

Trade should be:

 

More beneficial for less developed countries

All of these

Predictable and transparent

Non discriminatory between foreign and domestic products

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