The Likelihood of Entry of New Competitors Is Affected by ______

question 101

Multiple Choice

The likelihood of entry of new competitors is affected by ______ and ______.

• A) barriers to entry; expected retaliation of current industry organizations
• B) the power of existing suppliers; buyers
• C) the profitability of the industry; the market share of its leading firm
• D) the demand for the product; the profitability of the competitors

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Definitions:

Explicit

Something stated clearly and in detail, leaving no room for confusion or doubt.

Metaphorical

Pertaining to or characterized by metaphor; using figures of speech that imply a comparison between unlike entities.

Literal

Pertains to the exact meaning of words or texts, without interpretation or exaggeration.

Ironic

Describing situations that are the opposite of what is expected, often in a humorous or poignant manner.