New Entrants Are More Likely to Join an Industry If

question 1

Multiple Choice

New entrants are more likely to join an industry if:

• A) differentiation among existing competitors is high.
• B) access to distribution channels is limited.
• C) existing competitors lack economies of scale.
• D) capital requirements to enter the industry are high.
• E) expected retaliation from existing competitors is high.

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Definitions:

Initiating Structure

Leadership behavior that involves setting goals, giving directions, and establishing clear standards of performance for team members.

Consideration

In leadership, refers to the degree to which a leader shows concern and respect towards their followers, attends to their needs, and fosters a supportive work environment.

Leader Effectiveness

The extent to which a leader can inspire, influence, and guide followers toward achieving set goals and objectives.

Job Satisfaction

Relates to the level of contentment employees feel about their job, which is influenced by various factors including work conditions, compensation, growth opportunities, and recognition.