There Are Four Factors That Determine the Threat of New

question 27

True/False

There are four factors that determine the threat of new entrants: number and balance of competitors, degree of difference between products, growth rate of an industry, and level of fixed costs.

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Definitions:

Difficult Job

A position that requires a high level of skill, effort, or complexity, making it challenging to perform.

Openness

A personality trait signifying receptiveness to new experiences, ideas, and unconventional values.

Trait

A dimension of personality used to categorize people according to the degree to which they manifest a particular characteristic.

New Ideas

Original thoughts, concepts, or innovations that have not been previously known or realized.