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:

Local Government

Administrative bodies governing specific geographic areas within a country, responsible for local affairs and services.

Controlled By Government

Refers to organizations, activities, or functions that are directly managed, regulated, or overseen by government bodies.

Unregulated

Situations or sectors not controlled or governed by rules, standards, or laws, often leading to freer, but potentially more volatile, operations.

Self Regulated

A system or process that is controlled or governed by the individuals or entities to which it applies, without external enforcement.