QUESTION 10 The threat of new entrants is high when it is easy for new competito

Question

QUESTION 10 The threat of new entrants is high when it is easy for new competitors to enter a market and low when there are significant entry bariers to joining a market True False QUESTION 11 When an organization achieves a first mover advantage, this essentially means a An organization can significantly impact its market share by being first to market with a competitive advantage O b. Ensuring online payments are secure from hackers O None'of the above od t helps determine the buyers ability to directly impact the price they are willing to pay for an item

Explanation / Answer

10).

“The threat of new entrants implied the threat new competitors pose to existing competitors in an industry”, => the following statement is absolutely “TRUE”.

“The threat of new entrants is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining market”.

11).

When an organization achieves a first mover advantage, this essentially means.

a). An organization can significantly impact its market share by being first to market with a competitive advantage

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