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Appoorva Bansal
on Dec 05, 2024

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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.
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Kim Aubrey NarcisaDec 09, 2024
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