Identify the Environmental Factor That Contributes to an Attractive Environment

question 107

Multiple Choice

Identify the environmental factor that contributes to an attractive environment for firms.

• A) many barriers to entry
• B) high threat of entry
• C) many competitors
• D) few suppliers
• E) many substitutes

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Definitions:

Binomial Probability Distribution

A type of distribution that represents the number of successes in a fixed number of independent trials, with only two possible outcomes.

Discrete Probability Distributions

Probability distributions that deal with discrete random variables, which have countable outcomes.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much each value in the set deviates from the mean.

Toll Station

A point at which drivers are charged a fee to use a bridge, road, or tunnel.