When Plasma Technology Was Adopted as a Viable Alternative in the Television

question 92

Short Answer

When plasma technology was adopted as a viable alternative in the television market,many companies recognised the attractiveness of the new product's profit potential.Such a situation would most closely be associated with the ____________________ (four words)in Porter's 'five forces' model.

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Definitions:

Adverse Social Impacts

Negative effects that activities or decisions have on the societal well-being or social fabric.

Minimum Legal Requirements

The least or lowest standards legally mandated for any entity, process or product to be compliant with relevant legislation.

Social Responsibility

The obligation of an organization or individual to act for the benefit of society at large, balancing profit-making activities with activities that benefit the community.

Defensive Strategy

A business approach aimed at protecting an organization's current market share, products, and services from competitors.