What Is Threat of New Entrants

question 174

Multiple Choice

What is threat of new entrants?

• A) The ability of buyers to affect the price they must pay for an item
• B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
• C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
• D) High when there are many alternatives to a product or service and low when there are few alternatives from which to choose

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Definitions:

Business Definition

Describes the core activities, purpose, and scope of a business entity.

Customer Value Proposition

A business or marketing statement that describes why a customer should buy a product or use a service, highlighting the unique value it offers.

Marketing Plan

A comprehensive strategy outlining an organization's overall marketing efforts, including objectives, strategies, and activities.

Core Values

Core beliefs and principles that govern actions and behaviors within a business entity.