If an Industry Has Low Entry and Exit Costs and the Technology

question 53

Multiple Choice

If an industry has low entry and exit costs and the technology needed to start and maintain a business is commonly available, this creates:

• A) a threat of new entrants.
• B) a threat of substitute products and services.
• C) an increased bargaining power of customers and suppliers.
• D) a rivalry among existing competitors.

---

Definitions:

Married People

Individuals who have entered into a legally recognized union, typically involving emotional and financial partnership and commitment.

Happiness

A state of well-being and contentment, characterized by positive emotions and life satisfaction.

Physiological Measurements

The quantification or analysis of biological functions and responses, crucial for understanding health and disease states in clinical and research settings.

PET

Positron Emission Tomography, a scanning method that uses radioactive substances to visualize and measure metabolic processes in the body.