According to Michael Porter, There Are Five Determinants of Competition

question 12

Multiple Choice

According to Michael Porter, there are five determinants of competition.An example of _____ is the threat new competitors pose to existing competitors in an industry.

• A)threat of entry
• B)rivalry between existing competitors
• C)pressure from substitute products
• D)bargaining power of buyers

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Definitions:

Critical Research

An approach focusing on identifying and challenging underlying assumptions, power structures, and inequalities in societal phenomena.

Induction

Reasoning from observations to a theory that might explain the observations.

Empiricism

The view that knowledge should be based on experience and observation, on empirical as opposed to theoretical knowledge.

Positivism

A philosophical theory that asserts that genuine knowledge is based on natural phenomena and their properties and relations as verified by empirical sciences.