The Threat of New Entrants in an Industry Is High

question 111

Multiple Choice

The threat of new entrants in an industry is high when

• A)entry and exit costs are low.
• B)entry and exit costs are high.
• C)exit costs are low.
• D)entry costs are high.
• E)entry costs are low and exit costs are high.

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Definitions:

Factory Defect

A flaw or imperfection in a product that originates from the manufacturing process, often leading to a product recall or warranty claim.

Gearshift Stuck

A mechanical problem where the gearshift of a vehicle is unable to move or change gears properly.

Debt Collector

An individual or company that specializes in recovering unpaid debts on behalf of the creditor.

Consumer Credit Laws

Consumer credit laws are regulations implemented to protect borrowers of credit, ensuring fairness and transparency in lending practices.