According to Michael Porter,there are five determinants of competition.An example of _____ is when competitors seek to expand their share of the market.
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 of competition described in the question is "Rivalry between Existing Competitors." This refers to the intensity of competition among existing firms in the industry. When competitors seek to expand their share of the market, they are engaging in competitive behavior that drives up rivalry within the industry. Options A, C, D, and E refer to other determinants of competition, such as the threat of new entrants, the threat of substitute products or services, and the bargaining power of buyers and suppliers.

According to Michael Porter,there Are Five Determinants of Competition