Kimba Inc. is a manufacturer of smart watches that track the wearer's heart rate and sleep patterns. Which of the following is most likely an implication of new firms entering this industry?a. The industry's overall profit potential and sales will increase.
b. The incumbent firms will spend more to satisfy their existing customers.
c. The rivalry among existing competitors will reduce.
d. The bargaining power of buyers will reduce.
Answers: 1
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Kimba Inc. is a manufacturer of smart watches that track the wearer's heart rate and sleep patterns....
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