Question

Many people dream of opening their own restaurant someday and restaurant supply houses provide easy finance options for equipment purchases. also, a high growth is projected for the restaurant industry sector. according to porter's five-force model, this is one of the reasons why the _____ in this industry is so high. failure rate exit barrier threat of potential entrants technological breakthrough

Answer 1

This is why the threat of potential entrants in this industry is so high. Because of all of the opportunities and financing plans, it is easy for someone who wants to start a restaurant to do so. The threat of potential entrants to other restaurants remains high because of new restaurants always popping up.