In Porter's Five Competitive Forces Model, "Competition from Substitute Goods

question 41

Multiple Choice

In Porter's Five Competitive Forces model, "competition from substitute goods or services" refers to

• A)substitute products that come from outside the industry.
• B)substitute products that come from domestic competitors in the same industry.
• C)substitute products that come from foreign competitors in the same industry.
• D)competition from producers of substitutes who outsource their production.

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Definitions:

Stranger Wariness

A developmental phase in infants where they show anxiety or fear towards unfamiliar people.

Secure Base

Bowlby’s term for the people whose presence provides a child with the security that allows him or her to make exploratory excursions.

Needs Reduction

The process of minimizing or eliminating requirements or deficiencies to achieve a state of stability or satisfaction.

Secure Base

A concept in attachment theory referring to the relationship or environment that provides an individual, especially a child, with safety and security, enabling them to explore and learn.