Which of the Following Is Most Likely an Implication of New

question 110

Multiple Choice

Which of the following is most likely an implication of new firms entering an industry?

• A) The bargaining power of buyers will reduce.
• B) The industry's overall profit potential and sales will increase.
• C) The rivalry among existing competitors will reduce.
• D) The incumbent firms will spend more to satisfy their existing customers.

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Definitions:

Outdoor Activities

Recreational pursuits performed outdoors, including hiking, camping, boating, and various sports, emphasizing engagement with nature.

Customer Interests

Preferences, needs, or desires that influence a customer's decision to purchase a product or service.

Marketing Mix

The set of actions, or tactics, that a company uses to promote its brand or product in the market, typically discussed as Product, Price, Place, and Promotion.

Distribution

The process of making a product or service available for the consumer or business user who needs it, including storage, transportation, and delivery.