Introduction to Industry and Company Analysis Questions And Answers 2025, Exams of Business Statistics

Introduction to Industry and Company Analysis Questions And Answers 2025 Factors that increase competition in an industry most likely include: A) low barriers to entry, low concentration, and high unused capacity. B) high barriers to entry, low concentration, and low unused capacity. C) low barriers to entry, high concentration, and high unused capacity. - ANS-✔✔A) low barriers to entry, low concentration, and high unused capacity Low barriers to entry increase competition as more firms can enter the business. Industries that are fragmented and have unused capacity tend to be highly competitive as they fight for market share and attempt to utilize excess manufacturing resources. Which of the following statements is most accurate regarding a firm that chooses to employ a focus-based competitive strategy? A) The target is a wide range of customers whose needs may differ considerably. B) The appeal is for customers who are willing to pay more for perceived value. C)