According to Michael Porter, There Are Five Determinants of Competition

question 18

Multiple Choice

According to Michael Porter, there are five determinants of competition.An example of _____ is when the availability limits the prices that can be charged to customers.

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

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Definitions:

Gene Recruitment

Gene recruitment refers to the co-option of a particular gene or network for a totally different function as a result of a mutation. The reorganization of a preexisting regulatory network can be a major evolutionary event.

C-Opsins

A class of light-sensitive proteins found in the photoreceptor cells of the retina, involved in the visual systems of various organisms.

Molecular Shape

The three-dimensional structure of a molecule, which is crucial for understanding its function and interactions with other molecules.

Functional Pathway

A series of actions among molecules in a cell that leads to a certain product or a change in the cell, often associated with specific biochemical reactions.