Which of the Following Is True About New Entrants

question 36

Multiple Choice

Which of the following is true about new entrants?

• A)They have strong customer loyalty.
• B)They will have records on customers' purchase habits.
• C)They are yet to develop relationships with suppliers.
• D)They can lock in suppliers to gain a competitive advantage.

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Definitions:

Bankruptcy Law

A legal framework governing the process through which individuals or businesses unable to meet their financial obligations can seek relief from debts.

Debtors

Individuals or entities that owe money to another party.

Relief

Assistance or aid given to those in hardship, or a legal remedy provided by a court to enforce a right or redress a harm.

Hourly Wage Rate

The amount of money paid for each hour of work, commonly used to calculate compensation for part-time or temporary employees.