3. An industry with high barriers to enter, having many buyers and suppliers but few substitute products and competitors, will be seen as not so competitive and thus, very attractive due to its _________.
举一反三
- In the analysis of industry competitors, the five types of competitiveness that need to be considered are: new entrants, buyers, suppliers, existing competitors and （ ） A: Employee B: Customer C: Government D: Substitute
- Buyer power is high when buyers have _________ choices from whom to buy and low when buyers have _________ choices. A: few; few B: few; many C: many; few D: many; many
- 7. Cost fous means a company that reduces production costs relative to its competitors and thus can charge lower prices for its products than other companies in the target _________.
- A market-skimming pricing strategy should NOT be used for a new product when ________. A: the product's quality and image support its higher price B: enough buyers want the products at that price C: competitors are unable to enter the market D: competitors can undercut prices easily E: producing a smaller number of goods is feasible
- Which of the following statements is most accurate regarding the characteristics of a perfectly competitive market A: Firms" products are different. B: The competitors never earn economic profits. C: Barriers to entry into the market are nonexistent.