Handwritten Answers Please Explain Force Threat New Entrants Industry Defines Industry Att Q34198799

NO HANDWRITTEN ANSWERS PLEASE

Explain the force of “the threat of new entrants to theindustry” and how it defines when an industry is attractive.

Expert Answer

New entrants will change the way the industry has been tilltheir entry. The industry might see increase or decrease in thecosts and the new entrants might even bring some innovative changesthat might cause trouble for the existing business entities. Hencenew entrants can be a real threat to the industry . When theindustry is attractive the number of new entrants will be more.This will cause rapid changes in the industry and thus at somepoint the face of