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NEW QUESTION: 1
A firm wishes to enter a new business by creating a new entity (an internal entrant). The internal entrant is most likely to achieve above-average profits by targeting which industry?
A. An industry with high entry costs.
B. A new industry.
C. An industry in equilibrium if entry positively affects the firm's existing businesses.
D. An industry with a stabilized structure.
Answer: B
Explanation:
A firm may be able to achieve above-average profits by choosing appropriate targets. For example, an industry may be in disequilibrium because it is new, entry barriers are rising, or firms have poor information. In a new industry,
(1)
the structure is not established,
(2)
entry barriers are low, (3) retaliation is unlikely,
(4)
resource supplies have not been locked up, and
(5)
brands are not well developed. However, initial firms may have greater costs than later entrants. Rising entry barriers favor an early entrant whose subsequent competitors will face higher costs. The early entrant also may have an edge in product differentiation. Poor information may perpetuate disequilibrium because firms that might enter the industry may not be aware of its potential.

NEW QUESTION: 2
Which are possible file formats used in Ad Hoc Report? Please select all the correct answers that apply.
A. CSV
B. PPT
C. Excel
D. PDF
Answer: A,B,C,D

NEW QUESTION: 3

A. Option A
B. Option D
C. Option B
D. Option E
E. Option C
Answer: A,B,C

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