Which of the following is true of new entrants?
A)They will have records on customers' purchase habits.
B)They have strong customer loyalty.
C)They can lock in suppliers to gain a competitive advantage.
D)They are yet to develop relationships with suppliers.

Question

Quizplus · Accepted Answer

New entrants typically do not have established relationships with suppliers, as they are entering the market for the first time. This can be a disadvantage as they may struggle to secure reliable and cost-effective suppliers.

Which of the Following Is True of New Entrants