The Savvy Entrepreneurial Firm Feature in Chapter 5 Focuses on Sony

question 53

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 5 focuses on Sony. Which of Porter's five forces made a dramatic difference in the way the founder's of Sony decided to view their markets in the early years of the company?

• A) threat of new entrants
• B) rivalry among existing firms
• C) threat of substitutes
• D) bargaining power of suppliers
• E) bargaining power of buyers

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Definitions:

Negative Response

A negative response is a reply that conveys refusal, disagreement, or denial in reaction to a query, proposal, or suggestion.

Routine Information

Regularly occurring data or facts that are standard in nature and often procedural or administrative.

Routine Inquiry

A regular or standardized request for information, often part of everyday business or research practices.

Buffer

A temporary storage area or protective barrier that mitigates the impact of changes or differences between systems or entities.