Firms That Have Either Recently Begun Operations in an Industry

question 2

Multiple Choice

Firms that have either recently begun operations in an industry or that threaten to begin operations in an industry soon are considered to be ________ in the five forces framework.

• A) barriers to entry
• B) new entrants
• C) suppliers
• D) buyers

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Definitions:

King Philip's War

A conflict between Native American inhabitants of New England and English colonists and their Native allies from 1675–1678, marked as one of the earliest and bloodiest conflicts in Colonial America.

Bacon's Rebellion

A 1676 armed rebellion led by Nathaniel Bacon against the colonial government of Virginia, sparked by grievances over governance and Native American policies.

Anglican Church

Also known as the Church of England, an independent Christian church which emerged during the Protestant Reformation, characterized by a middle path ('via media') between Roman Catholicism and Protestantism.

Internal Disputes

Conflicts or disagreements occurring within a country, organization, or group.