Which of the Following Is Not an Example of a Barrier

question 180

Multiple Choice

Which of the following is not an example of a barrier to entry?

• A)Mighty Mitch's Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.
• B)A college student starts a part-time tutoring business.
• C)A novelist obtains a copyright for her new book.
• D)A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.

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Definitions:

For-Profit

Businesses or organizations that operate with the primary goal of making profits for their owners or shareholders.

Inventory Carrying Cost

The total costs associated with holding and storing unsold goods, including expenses such as warehousing, insurance, deterioration, and opportunity cost.

Long-Term Care Facility

A living arrangement for people who need constant care and significant assistance with daily living activities over an extended period.

Railroad

An industry sector focused on the transportation of goods and passengers via trains and tracks.