Porter's Five Competitive Forces Model Identifies Rivalry Among Present Competitors

question 18

Multiple Choice

Porter's five competitive forces model identifies rivalry among present competitors as one competitive force.According to this concept, why would the restaurant industry face greater rivalry?

• A)because of the absence of a dominant firm<
• B)because of high investment intensity
• C)because of little product differentiation
• D)because of low switching costs for buyers

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Definitions:

Bandura's Theory

Refers to Albert Bandura's social learning theory, which posits that people learn from one another via observation, imitation, and modeling.

Self-Regulation

The process by which individuals control their behavior, emotions, and thoughts towards achieving long-term goals.

Self-Monitoring

The process or ability of individuals to regulate their behavior to adapt to different situations or to meet social expectations.

Self-Evaluation

The process of contemplation and assessment of one’s characteristics, actions, and qualities for the purpose of self-improvement or reflection.