According to the Example Provided in Chapter 5, Www

question 59

Multiple Choice

According to the example provided in Chapter 5, www.1800contacts.com possesses a nontraditional barrier to entry referred to as ________.

• A) unique business model
• B) strength of management team
• C) access to distribution channels
• D) Internet domain name
• E) first-mover advantage

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Definitions:

Principal

In a legal context, the main party who authorizes another (the agent) to act on their behalf in transactions or other legal matters.

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Contract Remedies

Legal solutions provided in case of a breach of contract, including compensation, specific performance, and rescission, designed to address or correct the breach.

Tort Remedies

Legal solutions available in tort law for injuries or damages, including restitution, damages compensation, and injunctive relief.