A 'restricted market' is likely to arise when the entry costs for new suppliers are...

CIPS L4M6 Question Answer

A 'restricted market' is likely to arise when the entry costs for new suppliers are prohibitively high, and levels of market profitability amongst existing suppliers may be relatively low. Is this a true statement?

No, entry costs are low in all markets due to technology, and this is increasing profitability significantly

Yes, these markets usually have only a small number of competent and capable suppliers

No, usually these markets have a regular flow of new suppliers entering them

Yes, new entrants are low; however, due to high competition, profit levels are always very high

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CIPS L4M6 Summary

Vendor: CIPS
Product: L4M6
Update on: Jan 31, 2026
Questions: 263

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A 'restricted market' is likely to arise when the entry costs for new suppliers are...

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CIPS L4M6 Summary

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