Which of the Following Drivers of Competition in Porter's fiVe

question 94

Multiple Choice

Which of the following drivers of competition in Porter's five forces model is similar to the assumption in perfect competition that there are many buyers and sellers in the market?

• A) Threat of entry.
• B) Homogeneous products.
• C) Perfect information among buyers and sellers.
• D) Buying power of customers and suppliers.

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Definitions:

Stricture

A narrowing of a canal or duct in the body, such as those found in the esophagus, urethra, or bile ducts, which can restrict the flow of bodily fluids.

Strict

Rigorously imposed or adhered to; precise and exact in instructions or standards.

Contraction

A physiological process where muscles decrease in length and increase in tension.

Ureters

Tubes that carry urine from the kidneys to the bladder, crucial components of the urinary system.