According to Michael Porter, Which of the Following Is One

question 13

Multiple Choice

According to Michael Porter, which of the following is one of the five industry forces that determine an industry's overall attractiveness and potential for long-term profitability?

• A)Process gain
• B)Organizational synergy
• C)Government regulation
• D)Decentralization
• E)Character of the rivalry

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Definitions:

Statistically Significant Difference

A difference between two groups or variables that is unlikely to have occurred due to chance alone, as determined by statistical analysis.

Consumers

Individuals who purchase goods and services for personal use.

Sample Size

The number of observations or elements selected from a population to be included in a statistical sample.

Reduce β

In statistics, it generally refers to decreasing the coefficient (β) in a regression model to address overfitting or multicollinearity.