Natural Barriers to Entry Include

question 27

Multiple Choice

Natural barriers to entry include

• A) a patent which allows production by only the patent holder.
• B) a government- awarded franchise.
• C) large economies of scale in the industry.
• D) increasing- cost production.
• E) control or ownership of the entire supply of an essential raw material.

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Definitions:

Person-Role Conflict

A conflict that arises when one's personal values or needs are in conflict with the expectations of their organizational role.

Role Ambiguity

A situation where the responsibilities, expectations, or objectives of a job are unclear to the employee.

Single Role

A specific and unique function or responsibility assigned to an individual or entity within a larger system or organization.

Expectations

Beliefs about the likely occurrence of future events or about the likelihood that a particular behavior will lead to a specific outcome.