The Threat of New Entrants Is High When There Are

question 77

Multiple Choice

The threat of new entrants is high when there are _______.

• A) low economies of scale
• B) high capital requirements
• C) high switching costs
• D) high differentiation among competitors products and services

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Definitions:

Off-Duty Police Officer

A law enforcement officer who is not currently engaged in their official duties or responsibilities.

Postbox Rule

A legal principle that states an offer is considered accepted once the acceptance is sent by the offeree, even if it has not yet been received by the offeror.

Letter Of Revocation

A written document formally cancelling or withdrawing an offer or contract before it has been accepted or become binding.

Letter Of Acceptance

A document confirming the acceptance of an offer, thereby creating a binding contract.