New entrants into markets, whether by start-ups or by incumbent firms, nearly always threatens existing competitors.

Name: New entrants into markets, whether by start-ups or by incumbent firms, nearly always threatens existing competitors.
Brand: Quizplus
Rating: 4.8 (28 reviews)

Question

Quizplus · Accepted Answer

New entrants increase competition in a market, often leading to price wars, reduced market share, and pressure on existing firms to innovate, thereby threatening their current position and profitability.

New Entrants into Markets, Whether by Start-Ups or by Incumbent