Solved

"Last Month, I Opened a Résumé-Writing Business Out of My

Question 105

Multiple Choice

"Last month, I opened a résumé-writing business out of my dorm room. And, now, on this floor alone, I find that I have three start-up competitors!" complained Ashley. Her roommate replied, "Well, at least you haven't had to buy any new equipment for your business. But apparently neither have your competitors." This scenario indicates the


A) high bargaining power of suppliers when the market is weak.
B) high threat of new entrants when capital requirements are low.
C) high threat of new entrants when substitute products are few.
D) high bargaining power of customers when suppliers are few.
E) low bargaining power of customers when suppliers are numerous.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions