Question: 9. Why does profitability change over time? A. New regulations B. Changes in demographics C. A reduction or an increase in economies of scale D.

9. Why does profitability change over time?

A.

New regulations

B.

Changes in demographics

C.

A reduction or an increase in economies of scale

D.

Changes in the availability and number of suppliers

All of the answers are correct.

10. True or false: One way for a buyer to increase its (bargaining) power would be to buy very large volumes of a single product

True

False

11. True or false: A supplier basing its competitive advantage on a unique standard for its product makes it easier for customers to switch to another supplier.

True

False

12. Which of the following is not a component of Porter's Five Forces Framework?

The threat of new entrants

The threat of substitutes

The power of buyers

Rivalry between and among competitors/industry rivalry

The threat of participation

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