According to Michael Porter,there Are Five Determinants of Competition

question 16

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:

Margin of Error

A measure of the uncertainty or potential error in survey or poll results, indicating the range within which the true value is likely to fall.

Real Estate Agent

A licensed professional who arranges transactions between buyers and sellers of real estate properties.

Confidence Level

The probability, expressed as a percentage, that a parameter lies within a specified range of values, as calculated by a confidence interval.

Confidence Interval

An interval of values based on sample data, expected to encompass the value of a parameter of an unobserved population.