Which of the Following Is One of the Factors That

question 53

Multiple Choice

Which of the following is one of the factors that determines the nature and degree of competition in an industry, as identified by Michael Porter in his book Competitive Advantage?

• A) The interest of small businesses
• B) Bargaining power of competitors
• C) Threat of substitute products or services
• D) The macroeconomy

---

Definitions:

Grandiose Plans

Highly ambitious or idealistic plans that may be unrealistic or difficult to achieve.

Unrestrained Exuberance

An overflow of high spirits or unchecked enthusiasm, potentially leading to lack of self-control or caution.

Mania

A mental health condition characterized by excessively elevated mood, energy levels, and, in some cases, delusions or hallucinations, often associated with bipolar disorder.

Antisocial Personality

A personality disorder characterized by a long-term pattern of disregard for, or violation of, the rights of others, often manifesting in criminal behavior.