From the following, identify the most likely feature of an unattractive industry.Question 6Answera.Strong competitive threats from product substitutesb.High entry barriersc.Suppliers and buyers with weak bargaining positionsd.Less rivalry among competitors

Characteristics of an attractive industry, where firms may achieve strategic competitiveness and earn above-average returns includes which of the following?Question 6Select one:a.Low entry barriersb.Suppliers and buyers with little bargaining powerc.Strong competitive threats from product substitutesd.Moderate to high rivalry

Which of the following competitive forces affect an industry's attractiveness? (Check all that apply.)Multiple select question.Competitive pressures stemming from creating entry barriers in the marketCompetitive pressures associated with being the first entrant in a marketCompetitive pressures stemming from supplier bargaining powerCompetitive pressures associated with the threat of new entrants into the marketCompetitive pressures stemming from buyer bargaining power

Which of the following is NOT an entry barrier to an industry?a.expected competitor retaliationb.economies of scalec.customer product loyaltyd.bargaining power of suppliers

34.Which of the following factors is not a characteristic of perfect competition?  A. A large number of buyers and sellers  B. Well-informed buyers and sellers about product prices  C. Individual firms spend a considerable amount on advertising  D. No restrictions on entry into or exit from the industry

Which of the following conditions generally raise the barriers to entering an industry?Multiple Choicelow levels of brand loyalty on the part of customers and the presence of more than 20 rivals in the industryrapid market growth, low buyer switching costs, and weak brand preferences and customer loyaltyproduct offerings that are pretty much standardized from rival to rivalhigh capital requirements, difficulties in building a network of distributors-retailers and securing adequate space on retailers’ shelves, and the likelihood that industry incumbents will strongly contest the efforts of new entrants to gain a market footholdThe industry is not characterized by scale economies and/or sizable learning or experience curve effects, and few firms in the industry hold key patents and/or possess significant proprietary technology not readily available to a newcomer.