Barriers to Entry Are Obstacles,such as Patents,that Make It Difficult

question 85

True/False

Barriers to entry are obstacles,such as patents,that make it difficult for new consumers to enter a market.

---

Definitions:

Performance

The action or process of carrying out or accomplishing an action, task, or function.

Public Sector

The part of the economy that is owned and operated by the government, offering services to the public rather than seeking profit.

Evolution

The process through which organisms change over time as a result of changes in heritable physical or behavioral traits.

Organizational Context

describes the environmental, cultural, and structural factors that impact how an organization operates.