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

Question

Quizplus · Accepted Answer

The determinant described in the question is the "Threat of Entry," which refers to the possibility of new competitors entering an industry and therefore putting pressure on prices and profits. This is a key factor in determining the level of competition in an industry, as new entrants can disrupt the existing market and force existing competitors to lower their prices or improve their products and services.

According to Michael Porter,there Are Five Determinants of Competition