The Likelihood of New Entrants Joining an Industry Is Low

question 60

Multiple Choice

The likelihood of new entrants joining an industry is low if access to distribution channels is limited because:

• A) new entrants struggle to match incumbents' prices.
• B) this discourages customers from buying a new entrant's offerings.
• C) new entrants struggle to gather enough cash to get started.
• D) each incumbent has a group of loyal customers that enjoy its unique features.
• E) new entrants struggle to get their offerings to customers.

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Definitions:

Illicit Drugs

Substances whose production, sale, or use is prohibited or strictly controlled by law due to their potential for abuse and addiction.

Health Trend

A pattern or general direction in health behavior or outcomes that is observed over time within a population.

Acute Illnesses

Diseases or conditions that develop suddenly and last a short period of time, often requiring urgent care.

Medical Care

Professional health services that involve the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments.