When Microsoft Introduced Encarta, It Caused the Sale of Hard

question 69

Multiple Choice

When Microsoft introduced Encarta, it caused the sale of hard copy encyclopedias sold by Encyclopedia Britannica to drop sharply. This is an example of which of Porter's five forces?

• A) Rivalry among existing competitors
• B) Threat of potential entrants
• C) Suppliers
• D) Buyers
• E) Substitutes

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Definitions:

Conditions of Uncertainty

Conditions of uncertainty are situations in which there is a lack of sureness about what might happen, often making decision-making difficult.

Expected Value Process

A decision-making strategy that involves calculating the average outcome when the probability of different outcomes is known.

Heritage Assessment

Heritage assessment is a tool used by healthcare professionals to evaluate an individual's cultural, ethnic, and religious background, aiding in culturally competent care.

Religion

A set of beliefs, values, and practices about the cause, nature, and purpose of the universe, often involving ritualistic observance and moral guidance.