Considering Michael Porter's Five Factors,the Automotive Industry in the United

question 64

Multiple Choice

Considering Michael Porter's five factors,the automotive industry in the United States is characterized by:

• A)weak rivalry.
• B)high barriers to entry.
• C)many substitute products.
• D)weak suppliers.

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Definitions:

Tropic Hormone

A type of hormone that primarily affects the function of endocrine glands and regulates the secretion of other hormones.

Target Tissues

Specific tissues or cells in the body that are affected by hormones, drugs, or other active substances.

Hormone Secretion

The process by which hormones are released by glands and then enter the bloodstream to reach target organs.

Endocrine Secretions

Hormonal substances produced by glands of the endocrine system, released directly into the bloodstream.