Imagine You Are Creating a New Product to Sell in an Up-And-Coming

question 120

Multiple Choice

Imagine you are creating a new product to sell in an up-and-coming market. Which of the below statements indicates that it would be easy for you as the new entrants to compete in this market?

• A) The threat of new entrants' force is high in the up-and-coming market.
• B) The threat of new entrants' force is low in the up-and-coming market.
• C) The threat of new entrants' force is impossible to define in the up-and-coming market.
• D) All of these depending on the time of year.

---

Definitions:

Pepsi

A global beverage brand known for producing cola and a variety of other soft drinks and products.

Complementary Goods

Products or services that are used together, thereby the demand for one is increased when the price of the other is decreased, exemplifying a direct relationship between price and demand of different goods.

Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a change in price of another good, indicating substitutability or complementarity between products.

Mechanical Pencils

Writing instruments that use replaceable and mechanically extendable solid pigment cores, known as leads, to provide a consistent line width without the need for sharpening.