When microwave ovens were originally introduced,they posed a potential threat to the producers of conventional ovens.Over several decades,the effect of microwaves on the sales of conventional ovens has been minimal;in fact,most homes today utilize both appliances.Also,technology has not advanced much in this area and industry profits are flat.Based on this information

Question

Quizplus · Accepted Answer

The fact that microwave ovens did not have a significant impact on the sales of conventional ovens, and that there has been little technological advancement in this market and flat profits, suggests that the threat of new entrants for either type of oven is low. There is also no mention of significant competitive rivalry or regulatory influence in the question prompt. The issue at hand seems to be more related to market saturation and lack of innovation rather than external threats.

When Microwave Ovens Were Originally Introduced,they Posed a Potential Threat