The Breakfast Cereal industry is characterized by the presence of high brand loyalty, high scale economies, and proprietary technology owned by the current incumbent firms. Because cereal boxes are bulky, finding shelf space in retail stores is difficult and costly, especially for new brands that don't have a lot of customer demand. Moreover, suppliers to the industry provide undifferentiated commodity-like products (such as grain) and consist of many small firms.

This scenario indicates that for the Breakfast Cereal Production industry _________________.

SelectALLthe correct answers.

Group of answer choices

threat of new entrants is most likely high

bargaining power of suppliers is most likely low

threat from substitutes is most likely high

bargaining power of suppliers is most likely high

rivalry among competitors is most likely high

threat of new entrants is most likely low