What is the main difference between a personal characteristic and a skill?

Select one:

a.

Many people are born with business skills, but not characteristics

b.

Skills can be learned while characteristics are inherent qualities

c.

Characteristics become skills over time

d.

You can learn a characteristic, but not skills

The price of prescription medicine is high, partly because when someone is sick there is no real alternative to buying medicine. Which of Porter's Five Forces explains how this aspect of the prescription medicine industry helps keep its profitability high?

Select one:

a.

Threat of substitutes

b.

Bargaining power of buyers

c.

Rivalry among existing firms

d.

Threat of new entrants