Question

Jamie is a manager in an industry that has a few large players and that has remained relativelystable over the past few years. He finds out that legislators are proposing new laws to deregulatethe industry. If the laws pass, which of these scenarios will Jamie most likely face?
a)many new competitors

b)technological innovation

c)the end of globalization

d)across-the-board price increases

Answer 1

Answer: (A) Many new competitors

Explanation:

The many new competitors is the basically refers to the rival in the business or the same type of industry that selling the similar types of products and the services in the market.

Due to the new competitors in the market the level of the competition become increase as they sell the similar goods and the services at low price.

According to the given question, Jamie is the company manager and he investigate that the legislator propose the various types of new laws for deregulate the marketing industry.

Therefore, based on the given scenario, Jamie is facing the many new competitors in the market.