One Drawback of Kiosks Is That Their High Overhead Costs

question 94

True/False

One drawback of kiosks is that their high overhead costs result in low profit margins.

---

Definitions:

Hypercompetition

An environment characterized by intense and rapid competitive moves, where advantages are quickly eroded.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Monopoly

A market structure characterized by a single seller dominating the entire market for a particular good or service.

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market, including high startup costs, regulatory requirements, and established brand loyalty.