Which of the Following Statements Is True About New Entrants

question 68

Multiple Choice

Which of the following statements is true about new entrants in the context of a technological paradigm shift?

• A) New entrants often face the risks of product cannibalization.
• B) Pressures to continue the existing out-of-date business model hamstring new entrants.
• C) New entrants do not need to worry about their established customer base.
• D) It is difficult for new entrants to focus all their energies on the opportunities offered by the new disruptive technology.
• E) New entrants are not constrained by lack of capital.

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Definitions:

Wages

Payment to employees for their labor, typically calculated on an hourly, daily, or piecework basis.

Working Conditions

The environment in which an employee works, including safety standards, hours, and amenities, impacting their health and wellbeing.

Integrative Bargaining

A negotiation strategy that seeks win-win outcomes by addressing interests of all parties involved rather than focussing strictly on fixed positions.

Collective Bargaining

The process where workers, through their unions, negotiate contracts with their employers to determine pay, work conditions, benefits, and other work-related issues.