A manufacturer of deep-sea oil rigs may be least concerned about which marketplace force?

Study for the Information Technology Applications 203C (ITA203C) FE Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

A manufacturer of deep-sea oil rigs may be least concerned about new market entrants due to the high barriers to entry in this industry. The production of deep-sea oil rigs requires substantial capital investment, specialized technology, advanced engineering expertise, and extensive regulatory compliance. These factors create significant hurdles for any new company looking to enter the market.

In contrast, traditional competitors are a constant concern since established companies within the industry already have a foothold, existing contracts, and relationships with clients in the oil and gas sector. Product differentiation is also crucial in this field, as unique features, technological advancements, and superior performance can provide a competitive edge. Lastly, the supplier base is typically limited due to the specific materials and components needed for manufacturing oil rigs, making the low number of suppliers a point of concern regarding costs and bargaining power.

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