Which of the following persons exhibit one of the requirements necessary for an applicant to qualify for a salespersons license?

A. The applicant is seventeen years old.
B. The applicant has completed at lease 60 hours of instruction in a salesperson's course approved by the Commission.
C. The applicant has completed the tenth grade.
D. The applicant holds a certificate of equivalency.

Answer: D. The applicant holds a certificate of equivalency.

Business

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The automobile industry is characterized by many manufacturers and intense competition among them. According to Porter's five forces model, this statement illustrates ________

A) low threat of substitutions B) high bargaining power of suppliers C) high levels of rivalry D) low bargaining power of customers

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