The threat or reality of increased competition in an industry depends on the relative ease with which new firms can compete with established firms.

Name: The threat or reality of increased competition in an industry depends on the relative ease with which new firms can compete with established firms.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The ease of entry for new firms affects competition levels; if entry barriers are low, more firms can enter, increasing competition.

The Threat or Reality of Increased Competition in an Industry