Michael Porter (1980, 1985) suggested that factors such as initial capital requirements, the threat of price-cutting by established firms and the level of product differentiation represent ______ for new-firm entrants into markets.
A) barriers to entry
B) opportunities
C) market ideas
D) threats

Question

Quizplus · Accepted Answer

Michael Porter suggested that factors such as initial capital requirements, the threat of price-cutting by established firms and the level of product differentiation represent barriers to entry for new-firm entrants into markets.

Michael Porter (1980, 1985) Suggested That Factors Such as Initial