Some Industries Are Relatively Easy to Enter,but Automobile Manufacturing Is

question 170

Multiple Choice

Some industries are relatively easy to enter,but automobile manufacturing is not because

• A)the market is saturated.
• B)it is very capital-intensive.
• C)it is a foreign market.
• D)it is too labour intensive.
• E)None of these is correct.

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like willingness to pay, customer location, or purchase volume.

Vacation Travelers

Individuals who are traveling for the purpose of leisure or holiday.

Price Discrimination

The strategy of selling the same product to different customers at different prices based on factors such as willingness to pay, not production costs.

Bakery

A place where bread, pastries, cakes, and other baked goods are made or sold.