Question

1. 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?
a. Rivalry among existing firms
b. Threat of new entrants
c. Threat of substitutes
d. Bargaining power of buyers

2._________ costs remain the same despite the volume of goods or services produced. _________
costs vary proportionally with the volume of goods or services provided.
a. Expense; Non-standard
b. Standard; Non-Standard
c. Fixed; Variable
d. Non-Standard; Standard

3.Which type of business plan is intended as the blueprint of a company's activities and is directed to
an internal audience?
a. Operational
b. Full
c. Summary
d. Tactical

Answer 1

Answer:

1. .(d)

2 ...(c)

3...(d)

Answer 2

1. Among the Porter's five forces (d) bargaining power of buyers explain the aspect of high profitability of the prescription medicine industry .
2. The answer is (c) Fixed;Variable .
3. (d) Tactical type of business plan is intended as the blueprint of a company's activities and is directed to an internal audience.