Which of the Following Statements Is True About New Entrants

question 60

Multiple Choice

Which of the following statements is true about new entrants in the context of a technological paradigm shift?

• A) New entrant often face the risks of product cannibalization.
• B) Pressures to continue the existing out-of-date business model hamstring new entrants.
• C) New entrants do not need to worry about their established customer base.
• D) It is difficult for new entrants to focus all their energies on the opportunities offered by the new disruptive technology.
• E) New entrants are not constrained by lack of capital.

---

Definitions:

Competing Products

Products that are in direct competition with each other, usually within the same market category, offering similar features or benefits.

Prospect

A potential customer or client who has been identified as fitting a business’s target market criteria but has not yet been engaged or made a purchase.

Qualified Business

A company or individual that meets certain criteria or standards, making them a worthwhile or potential target for sales or marketing efforts.

Networking

The process of engaging with others to share information and build professional or social networks.