According to Michael Porter, There Are Five Determinants of Competition

question 19

Multiple Choice

According to Michael Porter, there are five determinants of competition.An example of _____ is when a buyer purchases a large fraction of an industry's output and can demand price concessions.

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

---

Definitions:

Pituitary Hormones

A group of hormones produced by the pituitary gland, which regulate various physiological processes including growth, reproduction, and metabolism.

Gonadotropic Hormones

Hormones produced by the pituitary gland that stimulate the activity of the gonads (ovaries and testes).

TSH

Thyroid-stimulating hormone, a pituitary hormone that regulates the production of hormones by the thyroid gland.

ACTH

Adrenocorticotropic hormone, a hormone produced in the pituitary gland that stimulates the adrenal cortex to release cortisol and other steroids.