Michael Porter Identified Pressures That Can Hurt Potential Sales

question 22

Short Answer

Michael Porter identified pressures that can hurt potential sales.Knowledgeable customers can force __________ prices by pitting rivals against each other.

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Definitions:

Caste System

A form of social stratification where individuals' status is fixed at birth based on their parents' occupation and community membership, notably present in India.

Class System

A system of social stratification based on economic or social status, where individuals are grouped into hierarchical categories.

Social Mobility

The ability of individuals or families to move up or down the social ladder within a society, which can be a sign of a society's level of equality.

Class Of Origin

Class of origin refers to the social class into which an individual is born, often impacting their opportunities, viewpoints, and life trajectory.