In General,when the Level of Competitive Rivalry,the Power of Suppliers

question 14

True/False

In general,when the level of competitive rivalry,the power of suppliers and buyers,and the threat of substitutes and new entrants are all low,an industry has relatively few opportunities and numerous threats.

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Definitions:

Social Media

Online platforms and technologies that facilitate social interaction, content sharing, and community building among users.

Marketing Firm

A company that specializes in creating strategies to promote, sell, and distribute products or services for their clients.

Venture Capitalist

An investor who provides capital to startup companies or supports small companies that wish to expand but do not have access to public funding.

Entrepreneur

An individual who identifies a business opportunity and takes on financial risk to create and manage a new venture with the aim of making a profit.