Which of the Following Statements Is True About Potential Competitors

question 9

Multiple Choice

Which of the following statements is true about potential competitors in an industry?

• A) They threaten the profitability of established companies.
• B) They are usually encouraged by established companies.
• C) They find it easier to enter an industry when the entry barriers are high.
• D) They find it easier to enter an industry when established companies have economies of scale.
• E) They usually have an absolute cost advantage over established companies.

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Definitions:

Globalization of Social Movements

The spread and connectivity of social movements across borders, facilitated by advances in communication technologies and globalization processes.

Universal Citizenship

The idea that everyone has the same fundamental rights and freedoms, regardless of nationality, ethnicity, or status.

Collective Action

Activities undertaken by a group of people with a common interest or purpose, aimed at achieving a collective goal.

Collective Behavior

Actions and expressions that emerge spontaneously from a group of people in situations that are unstructured, uncertain, or out of the social norm.