If There Are Many Competitors and the Barriers to Entry

question 14

Multiple Choice

If there are many competitors and the barriers to entry are low, the:

• A) industry is attractive.
• B) industry is unattractive.
• C) customers have low bargaining power.
• D) industry is mature.
• E) industry is not mature.

---

Definitions:

Department Managers

Leaders in charge of managing specific sections or departments within an organization, tasked with strategic planning and team management.

Competition

The rivalry among businesses to attract customers and achieve a market advantage.

Hospital System

An organized network of hospitals, clinics, and health care facilities that provides a range of medical services to patients.

Line Activities

Direct activities that contribute to the production or delivery of a company's products or services, typically involving roles and tasks core to the business operations.