Exam DISC-RM Practice Question 260
Study guide: Exam DISC-RM
During a hard market, several large commercial buyers leave the insurance market and form captives and risk retention groups to finance their liability losses. In Porter's five forces, which force does this movement illustrate?
- A) Rivalry among existing competitors
- B) Bargaining power of suppliers
- C) Threat of substitutes
- D) Threat of new entrants
Answer this question and see the worked solution