Businesses often respond to the threat of new entrants with ______ strategy.

Question

Quizplus · Accepted Answer

Businesses often respond to the threat of new entrants by adopting an entry deterrence strategy, which involves actions designed to discourage potential competitors from entering the market. This can include setting lower prices, increasing advertising, or enhancing product features to make entry less attractive or more difficult for new competitors.

Businesses Often Respond to the Threat of New Entrants with ______