Which of the Following Is NOT an Entry Barrier to an Industry

question 11

Multiple Choice

Which of the following is NOT an entry barrier to an industry?

• A) Expected competitor retaliations
• B) Economies of scale
• C) Product loyalty
• D) Bargaining power of suppliers

Recognize the significance of personal ethics in decision-making.

Understand how technology like data mining and 3D printing is transforming industries.

Comprehend the role and impact of artificial intelligence (AI) and machine learning in today's world.

Discriminate between ethical, unethical, amoral behavior, and their significance in society.

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Definitions:

Product Development

The complete process of bringing a new product to market, from the initial idea through design and manufacturing.

Successfully Marketed Products

Products that have met or surpassed the expectations in sales, target market penetration, customer satisfaction, and profitability metrics.

Differentiation

Distinguishing the offerings of an organization in a way that the customer perceives as adding value.

Low Cost

The strategy or condition of offering products or services at a lower price than competitors, aimed at attracting consumers or achieving higher sales volumes.