The Competitive Environment Can Be Seen as Being Influenced by Five

question 13

Multiple Choice

The competitive environment can be seen as being influenced by five major forces: potential entrants, power of buyers, power of suppliers, competitive rivalry, and:

• A) Strategic groups
• B) Substitutes
• C) Competing firms
• D) Competing brands

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Definitions:

Gendered Enrolment

The phenomenon where enrollment rates in education or specific fields of study are significantly influenced by gender.

Workforce

The people engaged in or available for work, either in a country or area or in a particular company or industry.

McDonalization

The process by which the principles of the fast food industry, such as efficiency, calculability, and predictability, dominate other sectors of society.

Higher Education Institutions

Schools that offer advanced academic programs, such as universities and colleges, leading to degrees at various levels (bachelor’s, master’s, doctorate).