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

---

Definitions:

Executive Branch

The branch of federal and state government that is broadly responsible for implementing, supporting, and enforcing the laws made by the legislative branch and interpreted by the judicial branch.

Judicial Branch

One of the three branches of the U.S. government, responsible for interpreting the laws and the Constitution, and comprised of the Supreme Court and lower federal courts.

Presidential Election of 1876

A highly contested election where Rutherford B. Hayes was declared the winner over Samuel J. Tilden after a compromise that effectively ended Reconstruction by removing federal troops from the South.

Reconstruction

The period following the Civil War in the United States, focused on rebuilding the country and integrating formerly enslaved people into society.