Kimba Inc. is a manufacturer of smart watches that track the wearer's heart rate and sleep patterns. Which of the following is most likely an implication of new firms entering this industry?
A) The bargaining power of buyers will reduce.
B) The industry's overall profit potential and sales will increase.
C) The rivalry among existing competitors will reduce.
D) The incumbent firms will spend more to satisfy their existing customers.
Correct Answer:
Verified
Q20: Which of the following external forces is
Q21: How do low interest rates affect a
Q22: In the five forces model developed by
Q23: During an interview for a CEO position,
Q24: How is a firm's task environment different
Q26: Which of the following is a primary
Q27: Etsuro is a management consultant. Baker Corp.
Q28: In which of the following situations is
Q29: Which of the following is a macroeconomic
Q30: The internet service provider industry in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents