Slavko recently opened an electric bike store in town. Unfortunately, he was not aware that three other electric bike stores had plans to open in the same town within the year. Which of the forces affecting markets does this best represent?

Question

Quizplus · Accepted Answer

Slavko's situation best represents incomplete information, as he was not aware of other electric bike stores planning to open, which could significantly affect his business planning and market strategy.

Slavko Recently Opened an Electric Bike Store in Town