According to Michael Porter, There Are Five Determinants of Competition

question 34

Multiple Choice

According to Michael Porter, there are five determinants of competition.An example of _____ is when new entrants to an industry put pressure on prices and profits.

• A)threat of entry
• B)rivalry between existing competitors
• C)pressure from substitute products
• D)bargaining power of buyers
• E)bargaining power of suppliers

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Definitions:

Czechoslovakia

A former country in Central Europe that existed from 1918, following the collapse of the Austro-Hungarian Empire, until its peaceful dissolution into the Czech Republic and Slovakia in 1993.

Appease Hitler

A policy pursued by some European countries in the late 1930s, aiming to avoid conflict with Nazi Germany by conceding to some of Adolf Hitler's demands.

Auschwitz-Birkenau

A complex of concentration and extermination camps operated by Nazi Germany in occupied Poland during World War II, symbolizing human brutality and the Holocaust's horrors.

Assembly-line-like Murders

A systematic and efficient sequence of killings, resembling the process of an assembly line, where each step in the murder process is methodically planned and executed.