The five-forces model identifies the basic structure of an industry and is used to study its characteristics. One of the elements in the component, called "threat of new entrants," contains ________.
A) industry concentration
B) proprietary products
C) buyer volume
D) differentiation of inputs

Question

Quizplus · Accepted Answer

Proprietary products can create barriers to entry for new entrants, as they may require significant investment or innovation to compete with established products.

The Five-Forces Model Identifies the Basic Structure of an Industry