Examlex
Give an example of a Likert scale that may appear on a study investigating online shopping.
Barriers to Entry
Factors that prevent or hinder potential competitors from entering a market or industry sector.
Close Substitutes
Products or services that can serve almost the same purpose or fulfill the same need, allowing consumers to switch easily between them.
Market Power
The ability of a company or entity to influence the price and control the market for its product or service.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power and differentiated competition.
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