Which of the Following Is Considered an Entry Barrier

question 2

Multiple Choice

Which of the following is considered an entry barrier?

• A) Large economies of scale
• B) Low switching costs
• C) Easy access to raw materials
• D) Low capital requirements

Identify and distinguish between primary and secondary sources of law.

Recognize the role and impact of statutes, administrative regulations, and case law in the business environment.

Appreciate the ethical dimensions and responsibilities inherent in the study of business law.

Understand the significance of administrative agencies and their rules in the regulation of business activities.

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Definitions:

Original Delivery Promise

The initial commitment made by a supplier regarding the delivery time of goods or services.

Speed Up Delivery

The process of increasing the speed at which goods are moved from the supplier to the customer in order to reduce lead times.

Delayed Order

A situation where a purchase request or delivery of goods is not fulfilled within the expected timeline.

Request for Proposal

A document issued by a company inviting suppliers or vendors to submit a proposal on a specific product or service requirement, detailing specifications and evaluation criteria.