According to Michael Porter, There Are Five Determinants of Competition

question 8

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
• E) bargaining power of suppliers

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Definitions:

Presbycusis

Loss of the ability to hear sounds of high frequency.

Sensory Deprivation

The intentional reduction or removal of stimuli from one or more of the senses, often used for relaxation, meditation, or in psychological experiments.

Presbycusis

Age-related hearing loss, gradually affecting the ability to perceive or understand sounds, especially in noisy environments.

High-Pitched Sounds

Sounds that have a high frequency, typically perceived as sharp or squeaky to the human ear.