When Microwave Ovens Were First Introduced, They Posed a Potential

question 127

Multiple Choice

When microwave ovens were first introduced, they posed a potential threat to conventional oven producers. But the effect of microwaves on the sales of conventional ovens has been minimal; in fact, most homes today utilize both appliances. Oven technology has not advanced much lately and industry profits are flat. Based on this information,

• A) The threat of new entrants for either type of oven is high.
• B) The threat of competitive rivalry for either type of oven is high.
• C) The threat of new entrants for either type of oven is low.
• D) The threat of substitutes for either type of oven is high.
• E) The regulatory influence on these ovens is high and changing.

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Definitions:

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