Identify and Briefly Explain Any Three Factors That Intensify Competitive

question 88

Essay

Identify and briefly explain any three factors that intensify competitive pressures stemming from the threat that new firms will enter the industry.

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Definitions:

Biomedical

Pertaining to the application of natural sciences, especially biology and physiology, to clinical medicine.

Ethnicity

A social construct that groups people based on common national, cultural, or ancestral ties.

Culture

the beliefs, practices, arts, laws, customs, capabilities, and habits of the people in these societies.

Norms

Shared expectations or rules within a society or group regarding appropriate behaviors or thought processes.