ACCA BT Chapter 2 – An organisation’s environment – Questions
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I got 100%
THANK YOU, I GOT 80%
100%
Thank You sir,
I got 100 %
same.
I got 100%, on one attempt. Thanks
I got 80%
Me too
Hey buddy, how are you? Do you wanna study together?
Yes pls
me too please
Me too
Me too
There are only 5 questions of this chapter.
These must be 30 to 40 at least
every chapter involved five
The quiz is just so helpful.
I got 100%
i got 100 am shocked
Can you please give me more details why is low fragmentation of the market is a barrier to entry? Thank you in advance.
low fragmentation means there are some giants in the market which control it.
think of the search engines….. how many can you name ? maybe google and bing and a very few others. which means the market is less fragmented and the competitors in it are very big and powerful which are enough to deter new entrants from entering.
hope that helped.
It did, thanks much!
bro you could be a teacher at this point
if the market has low fragmantation a single firm can sell its products throughout the whole country , and there fore this will be a barier to entry because this single can out compete a new entrant no matter the part of the country they operate in . ihowever if the market is segmented they are lots of gaps left and they may be new entrants each satisfying different segment (part) of the market
I got 100%. The second question was tricky but I just guessed. Must revise some more.
very useful resourse! Thanks!
I got 60%. Got to revise more
i got 80%
i don’t understand how a high know how of the market is a barrier to entry
High know-how implies you need a lot of skills to succeed. Acquiring those skills takes time and effort so represents a barrier to entry.
I, and I assume others somehow mis-took it as ‘I the new entrant have a high know-how’.
Ah! OK. We’ll change the wording.
Thanks.
Amazing quiz. Thanks soooo much for these things. Plus its freeee!
100%
i don’t understand why low competition is incorrect
i think low competition means low fragmentation and less powerful suppliers
Low competition means that you might have the market to yourself or at worst share with poor companies. Therefore, it is relatively easy to enter.
Low fragmentation means that there are few players in the market. So if the market were divided between only two, each might have around 50%, so they will be big and powerful and will resist new entrants very strongly.
100%
A highly fragmemted market implies many suppliers (the market has been broekn down and sharedmby many suppliers). Low fragmemtation means that there are a few large, powerful suppliers.
Thanks for the reply. So how does few large suppliers raise the bar for new entrants? Is it that those suppliers have monopolies?
They are big and powerful and therefore are often able to crush new entrants.
I don’t understand what is meant by market fragmentation. Can you elaborate on it please?