Which of the Following Factors Is Least Likely to Be

question 216

Multiple Choice

Which of the following factors is least likely to be a barrier limiting the entry of potential competitors into a market?

• A) legally enforced patent rights
• B) an inelastic demand for a product
• C) licensing
• D) control over an essential resource

---

Definitions:

Classified by Purpose

A method of grouping or categorizing items according to their intended use or role within a system or process.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Not-for-Profit

An organization that operates for purposes other than making a profit, often focusing on social, educational, or charitable activities.

Corporate Form

A legal structure for a business recognized as a separate legal entity from its owners, offering limited liability and other advantages.