I) Among the most critical economic factors to monitor are:
A. Interest rates
B. Economic growth
C. Foreign trade balances
D. Inflation rates
E. All of these factors are important
II) Which of the following is not included as a major force in Michael Porter's Five Forces Model of industry competition?
A. Existing competitors
B. Suppliers
C. Potential competitors
D. Unions
E. Indirect competitors
III) Suppliers tend to exhibit greater power if:
A. There are few suppliers of the raw material, product, or service
B. There are many substitutes for the product or service that suppliers sell
C. Suppliers are small businesses with regards to total sales volume
D. The suppliers' products are undifferentiated and plentiful
E. Suppliers cannot integrate forward