Question: Which of the following conditions in an industry would decrease the threat of new entrants ( i . e . , new competitors ) in
Which of the following conditions in an industry would decrease the threat of new entrants ie new competitors in a Porter's Five Forces analysis?
The industry is expected to grow quickly in the next two years.
Customers are fiercely loyal to companies with a long history of operating in the industry.
It is easy and quite inexpensive to get started as a new business in the industry.
Raw materials necessary to compete in this industry are readily available and easy to buy from the vendors selling to this industry.
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