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Entrepreneurial Idea Sources Quiz

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Questions and Answers

What does potential new entrants refer to?

Companies that have the ability to penetrate a particular industry (correct)

Companies with no government regulations

Companies with low capital requirements

Companies that have already established a presence in the industry

Which of the following is NOT a factor indicating potential new entrants would decline to join an industry?

Low capital requirements (correct)

Strict government policy

High switching cost

Difficulty in accessing distribution channels

What characterizes the intensity of rivalry among existing firms?

Low fixed costs

High rate of industry growth (correct)

Decreased capacity

Low diversity of rivals

In the context of potential new entrants, what does 'economies of scale' refer to?

Large-scale production cost advantages Signup and view all the answers

Which factor would NOT contribute to the threat posed by potential new entrants?

Low cost of product differentiation Signup and view all the answers

How can a buyer's purchasing behavior impact the seller?

Through high switching costs Signup and view all the answers

Which factor would NOT lead to increased rivalry among existing firms?

Decreased capacity Signup and view all the answers

What does a low amount of fixed costs indicate about the intensity of rivalry among existing firms?

Decreased rivalry Signup and view all the answers

Which factor would NOT be considered a threat from potential new entrants?

High cost of product differentiation Signup and view all the answers

What do high switching costs indicate in the context of potential new entrants?

Resistance for buyers to switch suppliers Signup and view all the answers