Barriers to entry are related to which competitive force?
A) Rivalry among competitors
B) Potential new entrants
C) Threat of substitute products
D) Bargaining power of buyers
E) Bargaining power of suppliers

Question

Quizplus · Accepted Answer

Barriers to entry refer to obstacles that prevent new firms from entering a particular industry. This is related to the competitive force of potential new entrants because it makes it difficult for new companies to enter the market and compete with established firms.

Barriers to Entry Are Related to Which Competitive Force