Asked by
Appoorva Bansal
on Dec 05, 2024Verified
Which of the following increases the attractiveness of a market?
A) low barriers to entry
B) many competitors
C) many substitute products
D) high power of suppliers
E) few substitute products
Barriers to Entry
Obstacles that make it difficult for new competitors to enter a market, including high startup costs, regulatory requirements, and established brand loyalty.
Substitute Products
Goods or services that can be used in place of another product to satisfy the same need or demand.
- Analyze market attractiveness and the factors that influence it such as barriers to entry, the power of suppliers, and substitute products.
Verified Answer
KA
Learning Objectives
- Analyze market attractiveness and the factors that influence it such as barriers to entry, the power of suppliers, and substitute products.