Question
An electric car manufacturer plans on entering the auto market in the next 6 months. They have been perfecting their products so that the cost
"An electric car manufacturer plans on entering the auto market in the next 6 months. They have been perfecting their products so that the cost of their products will be be competitive with those currently on the market. They believe they will surpass gas-fueled car manufacturers before they are fully able to transition over to electric. They have a secondary company that works closely with the company, so they are not worried about existing channels. What poses a problem right before entry?"
The company needs to worry about capital requirements when entering into the market. | ||
The company is going to face legal problems and will not get their product out in time. | ||
Tesla is the only threat that needs to be worried about as they run the battery car industry right now. | ||
They will be worried about too many companies already being in the market and therefore will not make a big enough impact to survive more than a year. | ||
All of the above are concerns when entering the market |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started