Business, 04.08.2019 12:00, queenbrebre2294

Which of the following best explains why zoos are not affected by the threat of new entrants? a: starting a zoo has a high entry cost b: customers do not have a replacement activities c: substitutes for attending the zoo are much lower quality d: the zoo industry is growing rapidly.

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answered: garrettm162

The answer would be A, Starting a zoo has a high entry cost.

When you start a business, you always think of providing something unique to your customer which give you an edge over others. But you have a constant treat of the new entrant who can give you a pretty good competition. This treat is present in all businesses. But there are certain businesses in which this treat is very low. And opening a zoo is one of those businesses.

For opening a zoo, a person need to invest a lot of money. Moreover the rate of return from zoo is also minimal. Initially a whole lot of a money is needed to buy a big piece of land. Secondly you will have to purchase unique animals and birds for the zoo. And the prices of animals and birds are too high. A huge amount of money is required to purchase animals and birds for the zoo. Next, you will need to build cages for them. Plus you need to feed the animals. Plus you need a workforce to take care of the animals and birds. In short, there are many things that involve huge amount of money for zoo. So people do not usually go for such a big investment. So for those who have opened up the zoo, there is less threat of new entrant within this business.

answered: Guest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

answered: Guest

what is wrong with black soap shampoo?

explanation:

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Which of the following best explains why zoos are not affected by the threat of new entrants? a: s...