The Threat of New Entrants Is High When There Are

question 77

Multiple Choice

The threat of new entrants is high when there are _______.

• A) low economies of scale
• B) high capital requirements
• C) high switching costs
• D) high differentiation among competitors products and services

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Definitions:

Postconventional Morality

Kohlberg’s third level of moral reasoning in which people use moral principles that are seen as broader than those of any particular society.

Preconventional Morality

Kohlberg’s first level of moral reasoning in which the concrete interests of the individual are considered in terms of rewards and punishments.

Conventional Morality

Kohlberg’s second level of moral reasoning in which people approach moral problems as members of society.

Moral Development

The changes in people’s sense of justice and of what is right and wrong, and in their behavior related to moral issues.