Asked by Justin Teofilus on Sep 24, 2024
Verified
Attractive industries have all the following attributes,except
A) High supplier power
B) Low buyer power
C) High entry barriers
D) Low rivalry
Supplier Power
The ability of providers of goods or services to influence the terms and conditions of supply, affecting market prices and the competitiveness of buyers.
Entry Barriers
Obstacles that make it difficult to enter a particular market, which can include high startup costs, strict regulations, or strong competition.
- Attain comprehension of the Industrial Organization (IO) perspective on industry framework, performance, and competitive benefit.
Verified Answer
IG
Isaac Galan1 day ago
Final Answer :
A
Explanation :
Attractive industries have low supplier power, as it allows for greater profit margins and bargaining power for the company. High entry barriers, low buyer power, and low rivalry also contribute to the attractiveness of an industry.
Learning Objectives
- Attain comprehension of the Industrial Organization (IO) perspective on industry framework, performance, and competitive benefit.
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