If It Is Difficult and Costly to Enter a Task

question 82

Multiple Choice

If it is difficult and costly to enter a task environment, then for companies already within a task environment or industry,

• A)the barriers to entry are low.
• B)threat of competition is high.
• C)it is easier to obtain customers.
• D)it is harder to keep prices high.

---

Definitions:

Personality Factors

Fundamental traits or dimensions of personality that are consistent across different individuals and influence behavior and attitudes.

Gordon Allport

An influential psychologist renowned for his theory of personality that emphasizes the uniqueness of the individual and the importance of the present context.

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables, called factors.

Basic Structure

The fundamental arrangement or framework of something, outlining its essential parts and their relationships.