How Are Cumulative Learning and Experience Effects of a Company

question 37

Multiple Choice

How are cumulative learning and experience effects of a company most likely to affect Michael Porter's five forces?

• A) Threat of new entrants will be low.
• B) Bargaining power of suppliers will be high.
• C) Availability of complements will be low.
• D) Threat of substitute products and services will be high.

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Definitions:

Marriage Relationships

The emotional, physical, and social bonds and dynamics between individuals who are married, encompassing various aspects such as love, communication, and commitment.

Individualism

An ideology that supports the preference of individual autonomy over the constraints of collective or governmental intervention.

Collectivism

A socio-cultural principle that prioritizes group goals over individual ones, emphasizing community, cooperation, and interdependence.

Personal Characteristics

Attributes or features that define an individual, including traits such as personality, attitudes, and abilities.