Which of the five competitive forces is related to whether or not a company can begin competing in a market different from the one they currently compete in?
A) Availability of substitutes
B) Threat of new entrants
C) Bargaining power of suppliers
D) Bargaining power of buyers
E) Rivalry among existing competitors

Question

Quizplus · Accepted Answer

The threat of new entrants refers to the potential for new companies to enter an industry or market, which directly relates to a company's ability to start competing in a new market different from their current one. This force assesses how easy or difficult it is for companies to start competing in a particular industry, influenced by barriers to entry such as capital requirements, access to distribution channels, and government policies.

Which of the Five Competitive Forces Is Related to Whether