According to Michael Porter, There Are Five Determinants of Competition

question 20

Multiple Choice

According to Michael Porter, there are five determinants of competition. An example of _____ is when competitors seek to expand their share of the market.

• 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:

Tolerance

The allowable variation in a component’s specified value, such as resistance or capacitance, indicating the accuracy of its manufacture.

Color Bands

Colored stripes on components such as resistors that represent numbers according to a standardized code, used to indicate their value, tolerance, and sometimes temperature coefficient.

Ohmic Value

The resistance value of a component or material, typically measured in Ohms (Ω), indicating how much it resists the flow of electric current.

Fixed

In an electrical or mechanical context, "fixed" typically refers to components that are stationary, unchanging, or permanently set in a particular configuration.