The Threat of New Entrants Is High When There Are

question 110

Multiple Choice

The threat of new entrants is high when there are

• A) high capital requirements.
• B) low economies of scale.
• C) high switching costs.
• D) high differentiation among competitor products and services.

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Definitions:

Looking for Work

The activity of actively seeking employment by individuals who are unemployed or seeking better employment.

Employment Rate

The percentage of the labor force that is employed, often used as a measure of economic health and labor market strength.

Government Officials

Individuals who hold positions of authority in governmental organizations and are responsible for making and implementing policy decisions.

Labor Force

The total number of people, including both the employed and unemployed, who are actively engaged in or seeking work within an economy.