Competition Is Legally Prohibited When Barriers to Entry Take the Form

question 99

Multiple Choice

Competition is legally prohibited when barriers to entry take the form of

• A)public franchises.
• B)economies of scale.
• C)exclusive ownership of a resource.
• D)diseconomies of scale.

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Definitions:

BCG Portfolio Analysis

A strategic business tool developed by the Boston Consulting Group to help organizations prioritize which products or units to invest in based on market growth and market share.

Market Growth Rate

The annual rate of growth of the specific market in which the product competes.

Vertical Axis

In a graph or chart, the vertical line to the left side that typically represents the range of values for the variable measured.

BCG Matrix

A strategic business tool developed by the Boston Consulting Group that classifies business units or products into four categories (Question Marks, Stars, Cash Cows, Dogs) based on their market growth rate and market share.