If an industry has low entry and exit costs and the technology needed to start and maintain a business is commonly available, this creates ________.
A) a threat of new entrants
B) a threat of substitute products and services
C) increased bargaining power of customers and suppliers
D) all of the above

Question

Quizplus · Accepted Answer

Low entry and exit costs paired with readily available technology make it easy for new competitors to enter the market, creating a threat of new entrants.

If an Industry Has Low Entry and Exit Costs and the Technology