Question: Scanning the general environment would identify information on: a. substitute goods b. the aging population and ethnic shifts c. customer and firm bargaining power d.

Scanning the general environment would identify information on:

a. substitute goods b. the aging population and ethnic shifts c. customer and firm bargaining power d. competitive rivalry

2)

How many of the following statement(s) is (are) true about Porters five forces model?

I. Porters five-forces model is designed to help us understand how social attitudes and cultural values impact U.S. businesses.

II. Porters five-forces model helps to determine the profit potential for an industry.

III. A buyer group is more powerful when it purchases large volumes relative to seller sales.

a. 0 b. 1 c. 2 d. 3

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