Ask Question
14 February, 09:37

Helen wanted to launch a company that would market and sell computer mouses for laptops. She decided to create a strategy to enter the market. However, to her dismay, she found that the sector had very high entry barriers. The only supplier for all computer-related hardware in the country had acquired all the vendors. It was very difficult to get the raw materials to manufacture her product. What kind of market was Helen dealing with?

+2
Answers (1)
  1. 14 February, 12:43
    0
    Helen is probably facing a monopoly type of market.

    A monopoly market means that there is only one entity that controls the distribution and production of a product or service.

    We can say this since Helen is facing a high barrier to enter the market, which is a characteristic of a monopoly market. In this case the entity is the supplier, who has acquired all vendors for all computer-related hardware.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Helen wanted to launch a company that would market and sell computer mouses for laptops. She decided to create a strategy to enter the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers