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Rebecca Herrera
on Oct 22, 2024

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___ decreases the attractiveness of the market.

A) Few competitors
B) High barriers to entry
C) Few substitute products
D) High power of customers
E) Low power of suppliers

High Barriers to Entry

Conditions that make it difficult for new competitors to enter a market, including high costs, strict regulations, or established brands.

Low Power of Suppliers

A business situation where suppliers have little control over the pricing and terms of products being supplied, enhancing the bargaining power of the purchasing company.

  • Evaluate the allure of the market alongside determinants like entry restrictions, the influence of vendors, and substitutable goods.
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diana garciaOct 24, 2024
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