Answer:
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Answer:
A. Threat of new entrants will be low
Explanation:
Micheal Porter's Five Forces is a framework designed for the sole purpose of analyzing a company's competitive environment. Based on this information it can be said that the cumulative learning and experience effects of a company will most likely affect these forces by making the threat of new entrants extremely low since it will make competing with the already established company extremely hard and lead to almost certain failure for the entering company.
Answer:
C. concerned with uniqueness
Explanation:
Competing on differentiation refers to the strategic tactic employed by a company to make it's brand unique and as a result set it apart from those of its competitors. In this way a company aims to acquire market share by producing "different" products or services from the ones it's competitors are producing. This ensures that their customers are able to identify their products and appeal to it differently(positively) from other products in the market.
Answer:
a. interpreting new experiences in terms of one's current understanding.
Explanation:
Assimilation: In psychology, the term assimilation was given by a famous Swiss psychologist named Jean Piaget who has introduced the theory of cognitive development.
Assimilation is defined as an individual's cognitive process which is responsible for managing new information and therefore incorporating the managed information into his or her pre-existing knowledge or schema.
