If Many Factors Prevent New Companies from Entering an Industry

question 41

Multiple Choice

If many factors prevent new companies from entering an industry, the

• A)threat of new entrants is more serious.
• B)threat of competitive rivalry is high.
• C)threat to established firms is less serious.
• D)new companies can easily compete with the established ones.
• E)industry is said to have just a few barriers to entry.

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Definitions:

Prevalence

The proportion of a population found to have a certain condition or characteristic at a specific time.

Professional Help

Seeking advice or treatment from qualified and trained experts, especially in contexts related to health, legal, or educational matters.

Schizophrenia

A complex, chronic mental health disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Median Age

is a statistical measure that divides a population into two equal groups: half are younger and half are older than the median age, representing the middle point of age distribution.