Porter Suggests the Use of a Specific Set of ________________

question 18

Short Answer

Porter suggests the use of a specific set of ________________ strategies which enable the organization to position itself in such as way as to mitigate the impact of the five forces in that particular industry.

---

Definitions:

Demand for Relish

Refers to the consumer desire and willingness to pay for relish, a condiment, which can be influenced by factors such as price, consumer preferences, income levels, and substitute goods.

Decrease in Demand

A condition where consumers show less interest in purchasing a product, leading to a leftward shift in the demand curve.

Substitute Goods

Products or services that can be used in place of each other, offering consumers choices when making purchases.

Bumper Crop

An unusually large harvest of crops in a given season.