Which One of the Following Is Not a Key Characteristic

question 24

Multiple Choice

Which one of the following is not a key characteristic that leads to a difficult competitive environment for service industries?

• A) Low barriers to entry.
• B) Lack of sustainable competitive advantage.
• C) Lack of government regulation and oversight.
• D) Low switching costs for customers.

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Definitions:

Job Satisfaction

The level of contentment or happiness employees feel towards their jobs, influenced by factors like work environment, compensation, and recognition.

Observation

The act of closely monitoring or taking notice of someone or something to gain information.

Interpretation

The act of explaining the meaning of something, such as data, words, or actions, often requiring analysis and understanding of context.

Causal Relationship

A causal relationship exists when one event (the cause) directly affects the outcome of another event (the effect).