Potential competitors are companies that are currently competing in an industry, but have the capability to do so if they choose.
Correct Answer:
Verified
Q8: Opportunities arise when a company can take
Q9: Economies of scale arise when unit costs
Q10: Exit barriers are the economic, strategic, and
Q11: A company's closest competitors, its rivals are
Q12: The risk of entry by potential competitors
Q14: A consolidated industry is dominated by a
Q15: Brand loyalty exists when consumers have a
Q16: A fragmented industry consists of a small
Q17: Rivalry refers to the competitive struggle between
Q18: Fixed costs refer to the costs that
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