Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three of the industry characteristics below would tend to contribute to making an industry more attractive, i.e. more likely to provide nice profits for many

Three of the industry characteristics below would tend to contribute to making an industry more attractive, i.e. more likely to provide nice profits for many of the industry prarticipants. Identify the one characteristic that would tend to make an industry less attractive (for many of the firms, not necessarily all). Group of answer choices The industry's product is a commodity Barriers to entry are high Customer switching costs are high The industry does not have excess capacity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Hospitality Management

Authors: John R Walker, Josielyn T Walker

4th Edition

0132959941, 9780132959940

More Books

Students also viewed these General Management questions

Question

How would you respond to each of the girls?

Answered: 1 week ago

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago