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
"Last month, I opened a rsumwriting business out of my dorm room. Now, in this dorm alone, I have five startup 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
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.
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