When Microwave Ovens Were First Introduced, They Posed a Potential

question 127

Multiple Choice

When microwave ovens were first introduced, they posed a potential threat to conventional oven producers. But the effect of microwaves on the sales of conventional ovens has been minimal; in fact, most homes today utilize both appliances. Oven technology has not advanced much lately and industry profits are flat. Based on this information,

• A) The threat of new entrants for either type of oven is high.
• B) The threat of competitive rivalry for either type of oven is high.
• C) The threat of new entrants for either type of oven is low.
• D) The threat of substitutes for either type of oven is high.
• E) The regulatory influence on these ovens is high and changing.

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Definitions:

Multivariate Regression

Multivariate Regression is a statistical method used to model the relationship between two or more independent variables and more than one dependent variable, helping in understanding complex phenomena by analyzing multiple influencing factors simultaneously.

Modelling/Programming Models

The process of creating computer models or algorithms to simulate complex systems or to solve problems programmatically.

Reliable Data

Information that consistently yields the same results over time, deemed trustworthy and accurate for making decisions.

Human Capital

A group's competencies, understanding, and unseen assets possessed by individuals, which serve to generate financial value for the persons, their companies, or their neighborhood.