Based on William A

question 38

Multiple Choice

Based on William A.Sahlman's suggestions,which question about competitors should be answered by the business plan?

• A)Are there ways to co-opt potential or actual competitors by forming alliances?
• B)How easily can new competitors enter the industry?
• C)Do small businesses have special advantages when competing in the industry?
• D)What is the average size of competitors?

---

Definitions:

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.

World's Income

The total economic output or the aggregate income produced by all countries in the world over a specific time period.

High-Income

Refers to individuals, households, or countries that earn significantly above the average income level, often associated with greater disposable income and purchasing power.