Which of the following factors is indicated by the fact that it will require a large capital investment to start a new bed and breakfast?
A)High bargaining power of customers
B)Low threat of new entrants
C)High threat of new entrants
D)Many substitute products
E)Low bargaining power of customers

Question

Quizplus · Accepted Answer

New entrants into an industry compete with established companies. The high cost of entering the bed and breakfast industry forms a barrier to entry that diminishes the threat of new entrants.

Which of the Following Factors Is Indicated by the Fact