A High Threat of New Entrants Keeps Pricing Pressures on Existing

question 64

True/False

A high threat of new entrants keeps pricing pressures on existing firms, keeping consumers happy and making the industry attractive and profitable.

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Definitions:

Environmental Scan

A process that systematically reviews the external and internal environments to identify risks, opportunities, and trends that can impact an organization.

Medication Sensors

Devices or technologies designed to monitor or ensure the proper usage of prescribed drugs, enhancing treatment adherence and patient safety.

Circulating Arteries

Blood vessels that carry oxygenated blood away from the heart to various parts of the body, forming a part of the circulatory system.

Technological Forces

Factors related to technological advancements and innovations that affect the business environment, influencing product development, production processes, and the market.