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vredina [299]
4 years ago
14

Potential competitors may enter an industry and begin to take market share from existing companies. What would be one of the lar

gest challenges a new entrant would need to overcome to be successful when entering the industry?
Business
1 answer:
ludmilkaskok [199]4 years ago
8 0

Production costs are high and require high volumes to achieve profitability.

<h3><u>Explanation:</u></h3>

One of the largest challenges that will be faced by the potential competitors when they try to enter an industry will be that they will face that cost of production will be higher and they would require higher volumes for achieving profits. When a company is new to an industry there will be competitors who are already established well on that particular industry.

The challenges and the opportunity that are in existence will be well known to the existing competitors. They already have buyers and suppliers chain. Hence, the new entrant will have higher production cost and also they require higher volumes to achieve profits.

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A product that requires no new behaviors be learned by consumers is a a. continuous innovation. b. discontinuous innovation. c.
Karo-lina-s [1.5K]

Answer:

Continuous innovation

Explanation:

When products can undergo changes without the consumer learning new behaviours, it is called continuous innovation.

On the other hand discontinuous innovation is also called disruptive innovation, and involves consumers learning new skills when using the product.

An example of continuous innovation is in the television industry where revision sets have been upgraded from black and white to coloured, flat screen sets, and so on.

6 0
3 years ago
Jenny earns $44,500 in 2016. calculate the fica tax that must be paid by:
Fynjy0 [20]
Given that Jenny earned $44,500 in 2016.

Her contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759

Her employer's contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759

Her contribution to the medicare is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25

Her employer's contribution to the Social Security is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25

Therefore, her total FICA tax is 2(2,759) + 2(645.25) = $5,518 + $1,290.50 = $6,808.50
8 0
4 years ago
If a product costs £80 to manufacture and a 15% mark-up is added, the price at which the product will be sold is:​
Yanka [14]

Answer:

92£

Explanation:

80 * 1.15 = 92

3 0
3 years ago
If a company adds a new product line to its existing​ portfolio, it has increased its___________.
astraxan [27]

Answer: Increased it's product mix width.

Explanation:

The product mix width of a company is the number of product lines a company has for sale in the market.

The product line of a company are individual but related products a company has for sale.

An example of product lines of a company could be a company producing: refrigerators, air conditioners and stabilizers. The company in this example would have a product mix width of three.

8 0
4 years ago
Nefchio is a popular Web site among online gamers. It incorporates interactive and collaborative features to create a richer, mo
svlad2 [7]

Answer:

Web 2.0

Explanation:

Web 2.0: The term "Web 2.0" is described as a specific website that is responsible for allowing the different users to collaborate and interact with one another via "social media dialogue" as creators associated with "user-generated content" in a particular virtual community. However, it tends to contrast the very first generation of "Web 1.0-era" websites in which individuals were considered as limited towards viewing a specific content in a "passive manner".

In the question above, the given statement represents "Web 2.0".

4 0
3 years ago
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