Which Factor Determines the Nature and Degree of Competition in an Industry,as

question 88

Multiple Choice

Which factor determines the nature and degree of competition in an industry,as identified by Michael Porter in his book Competitive Advantage?

• A)The interest of small businesses
• B)Bargaining power of competitors
• C)Threat of substitute products or services
• D)The macroeconomic level of the industry

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Definitions:

Behaviour

The actions or reactions of an individual or group in response to external or internal stimuli, often studied in psychology and organizational management.

Sweatshop

A workplace, often a factory, where workers are employed under poor, unsafe conditions and for very low wages.

Poor Conditions

Refer to unfavorable or substandard environments, often relating to living or working spaces that impact health and well-being negatively.

Overworked

A state in which an individual or workforce is subject to excessive workload, leading to stress or burnout.