Which of the following is commonly used by organizations to influence how the Porter's five forces operate?
A) evasion of taxes to effect governmental action
B) selling at prices below the existing market price
C) lobbying for governmental action
D) selling at prices above the existing market price

Question

Quizplus · Accepted Answer

Organizations often use lobbying to influence how the Porter's five forces operate, particularly in relation to governmental action. Lobbying involves trying to influence policymakers and legislators to create regulations that are beneficial to the organization's interests. By doing this, organizations can attempt to reduce the power of suppliers and buyers, reduce the threat of new entrants, and limit the intensity of competitive rivalry in the industry. Evasion of taxes, selling at prices below or above market price, may have short-term impacts, but they do not directly influence how the Porter's five forces operate.

Which of the Following Is Commonly Used by Organizations to Influence