Asked by Isiwat Taiwo on Jun 05, 2024
Verified
In the automobile parts industry,products are undifferentiated,so the industry is most likely characterized by ________.
A) low switching costs
B) patented technologies
C) high capital requirements
D) limited distribution channels
Patented Technologies
Innovations protected by legal rights, granting the patent holder exclusive use and commercial benefits.
High Capital Requirements
The need for significant financial investment to start or maintain operations in certain industries or business activities.
Limited Distribution Channels
A situation where a product or service has a small number of outlets or platforms through which it can reach customers.
- Understand the factors influencing rivalry and competition within industries.
Verified Answer
Learning Objectives
- Understand the factors influencing rivalry and competition within industries.
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