You run, Pocket Chefs, a company that manufactures equipment for the miniature cooking community. It has few rivals. At the moment, the power of buyers, the power of suppliers, and the threat of substitutes are all low. Based on this information, what can you conclude?
A. The manufacturer is likely to see little profit until the power of buyers improves.
B. In this scenario, suppliers are likely to create and sell effective substitutes.
C. The company is likely to be very profitable as long as the threat to entry is low.
D. This firm is an example of near-perfect competition

Question

05-07-2024
Business

Answered

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You run, Pocket Chefs, a company that manufactures equipment for the miniature cooking community. It has few rivals. At the moment, the power of buyers, the power of suppliers, and the threat of substitutes are all low. Based on this information, what can you conclude?
A. The manufacturer is likely to see little profit until the power of buyers improves.
B. In this scenario, suppliers are likely to create and sell effective substitutes.
C. The company is likely to be very profitable as long as the threat to entry is low.
D. This firm is an example of near-perfect competition

Sagot :

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