According to Porter's Five Competitive Forces Model, Which Kinds of Products

question 235

Multiple Choice

According to Porter's Five Competitive Forces Model, which kinds of products are most likely to limit the ability of firms in an industry to raise prices?

• A)differentiated products that target a small subsegment of the industry
• B)substitutable products produced by firms in different industries
• C)similar products produced by similar industries in low-cost countries
• D)complementary products produced by different firms in the same industry

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Definitions:

Shape Constancy

The perception that an object retains the same shape despite changes in the angle or distance from which it is viewed.

View Object

In computing, particularly object-oriented programming, a 'view object' refers to a construct used to represent information or data in a specific format to the user.

Perception

The method through which people arrange and understand their sensory experiences to assign significance to the world around them.

Visually Perceived Distance

The interpretation of visual cues that allow individuals to understand how far away an object is.