A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)?

Related MCQs

• The threat of new entrants is high when it is:
• If it is easy for competitors to enter the market, the threat of new entrants is considered:
• In Porter's Five Forces, the 'threat of new entrants' relates to:
• If it is easy for competitors to enter the market, the threat of new entrants is considered:
• What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left?
• A summary of how a company will generate a profit identifying its core product, target customers, position in the online marketplace, and projections for revenue and costs is known as:
• Once segments have been identified, organizations need to define how best to position their online services relative to competitors according to four main variables: product quality, service quality, and fulfillment time. Which variable is missing?
• Which of the following is a new and disruptive Web feature or service?
• …………..sites act as an intermediary between someone wanting a product or service and potential providers
• …………..sites act as an intermediary between someone wanting a product or service and potential providers