Which of the Following Is a Way to Deter Entry

question 57

Multiple Choice

Which of the following is a way to deter entry?

• A)increase costs through legislation that affects only new entrants
• B)raise switching costs for customers that use your products
• C)obtain a patent so that others must license your invention
• D)All of the above.

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Definitions:

Urgent Priorities

Tasks or responsibilities that require immediate attention due to their importance or deadlines.

Professionalism

The conduct, behavior, and attitude expected of individuals in a work or business environment, characterized by efficiency, responsibility, and ethical standards.

Self-assessment

The process of evaluating one's own abilities, performance, and qualities.

Time Management Strategies

Techniques and methods used for planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, or productivity.