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

question 48

Multiple Choice

Imagine you are creating a new product to sell in an up and coming market.Which of the following statements indicates that it would be difficult for you to enter this new market?

• A) The threat-of-new-entrants is high in the up and coming market.
• B) The threat-of-new-entrants is low in the up and coming market.
• C) The threat-of-new-entrants is high during the summer months in the up-and-coming market.
• D) All of these, depending on the time of year.

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Definitions:

Security

Measures and protocols implemented to protect individuals, organizations, or systems from potential threats and risks.

Acquired Needs Theory

Theory that suggests three main categories of needs: need for achievement, need for affiliation, and need for power.

Cultural Background

Refers to the social, ethnic, religious, and cultural factors influencing an individual’s identity, perceptions, and behaviors.

Two-Factor Theory

A psychological theory suggesting that employee satisfaction is influenced by motivation factors that enhance job satisfaction, and hygiene factors that can prevent dissatisfaction.