Question 3In evaluating whether potential entry is a strong or weak competitive force, it is important for company managers to conpiderhow mary barriers to entry there are for newcomers to hurdle.whether entry barriers are kigh or low, the size of the pool of liaely entry candidates and their resource capabilites, the expected reaction of industry members in defending againat new entry, and how attractive the industry's growth and profit prospects are to potential entry candidates.the seeed with which pmoduct invovation in the industry is occurring and how many potential entry candidates there are.Whether there are many substitutes for the industry's product and how attractively priced these sabstinates are and whether the caphal requirements to enter the industry are above or below $10 mation.whether the IBely entry candidates have ample cash to finance their atternots to enter the industry.