Imagine you are creating a new product to sell in an up-and-coming market. Which of the following statements indicates that it would be difficult for you to enter this new market?
A) The threat of new entrants' force is high in the up-and-coming market
B) The threat of new entrants' force is low in the up-and-coming market
C) The threat of new entrants' force is high during the summer months in the up-and-coming market
D) All of these depending on the time of year

Question

Quizplus · Accepted Answer

When the threat of new entrants' force is low in a market, it indicates that there are significant barriers to entry, making it difficult for new competitors, including yourself, to enter the market. This could be due to factors like high startup costs, strict regulations, or strong brand loyalty for existing products.

Imagine You Are Creating a New Product to Sell in an Up-And-Coming