Why are new entrants important?
New entrants may be able to serve a market more effectively with more personalized services than incumbents. New entrants may have lower start-up costs, which would allow them to offer lower prices and thus gain market share. New entrants can enter a niche market on equal footing with incumbents.
Which law greatly increased the accountability of auditors, executives, and corporate lawyers?
The Sarbanes-Oxley Act of 2002 greatly increased the accountability of auditors, executives, and corporate lawyers. This law is an example of which segment of the general environment?
What is the competitive environment?
The competitive environment consists of factors such as competitors, customers, and suppliers.
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