A large pharmaceutical company decides to reduce the price of a medication to encourage physicians to continue prescribing it as generic brands have entered the market. According to the five forces model, which competitive force is the company addressing?
A) low industry rivalry
B) high brand loyalty
C) power of large customers
D) threat of substitute products
E) power of large suppliers
Correct Answer:
Verified
Q39: Prior to defining an organization's missions and
Q40: The organizers of an upcoming festival conduct
Q41: A(n)_ strategy is selling the same standardized
Q42: A company that enters a new business
Q43: There is constant, fierce competition between telecommunication
Q45: The airlines sold fewer tickets to business
Q46: An organization consistently invests above the industry
Q47: A recent SWOT analysis determines that a
Q48: After many years of distributing her clothing
Q49: According to the five forces model, _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents