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:

Desensitizing

The process of reducing or eliminating an emotional response, typically fear or anxiety, to a stimulus through repeated exposure to that stimulus.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Innovative technologies

Advanced or novel technologies that offer new methods, ideas, or products, often leading to significant changes in society or industry.

Citizen Services

Services provided by the government to its citizens aimed at ensuring their welfare, safety, and rights are maintained.