When a Number of New Organisations Enter a Growth Market,the

question 71

Short Answer

When a number of new organisations enter a growth market,the amount of choice available increases.Such a situation would most closely be associated with the _____________________(four words)in Porter's 'five forces' model.

---

Definitions:

Best Practices

A set of guidelines, ethics, or ideas that represent the most efficient or prudent course of action in a given business situation.

Superior Performance

Achieving results that surpass expected standards or benchmarks, often leading to competitive advantage.

Best Practices

Best practices are the methods or techniques that have been generally accepted as superior to alternatives because they produce results that are superior to those achieved by other means.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies.