Question: 2 Last month, I opened a r sum - writing business out of my dorm room. Now, in this dorm alone, I have five start

2
"Last month, I opened a rsum-writing business out of my dorm room. Now, in this dorm alone, I have five start-up competitors!" complained Tumaini. Her roommate replied, "Well, at least you haven't had to buy any new equipment for your business. But apparently neither have your competitors." This scenario indicates the
5
points
Multiple Choice
high bargaining power of suppliers when the market is weak.
high threat of new entrants when capital requirements are low.
high threat of new entrants when substitute products are few.
 2 "Last month, I opened a rsum-writing business out of my

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!