Conditions That May Prevent New Firms from Entering an Industry

question 55

Multiple Choice

Conditions that may prevent new firms from entering an industry are referred to as

• A)barriers to entry.
• B)strategic maneuvers.
• C)unfair trade practices.
• D)industry regulators.
• E)entry inhibitors.

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Definitions:

Resilient

The capacity to recover quickly from difficulties; toughness, or the ability to bounce back from adversity, trauma, or stress.

Stepfamilies

Families formed when one or both partners in a relationship have children from previous relationships and those children and the new partners live together.

Harmony

A pleasant combination or arrangement of different things that provides a consistent, orderly, or pleasing outcome, often used in relation to music or interpersonal relationships.

Extended Families

Family groups that extend beyond the nuclear family and include grandparents, aunts, uncles, and other relatives living in the same household or nearby.