Entry Barriers in the Embryonic Stage Are Frequently Based on

question 34

Multiple Choice

Entry barriers in the embryonic stage are frequently based on

• A) brand loyalty.
• B) technological know-how
• C) absolute cost advantages.
• D) economies of scope.
• E) economies of scale

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Definitions:

Excise Tax

A tax on the sale or use of specific products or transactions.

Excise Tax

A tax levied on specific goods or activities, such as alcohol, tobacco, and gasoline, often intended to discourage their use or to raise revenue.

Sales Tax

A tax imposed by governments on the sale of goods and services, adding on to the purchase price paid by consumers.

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.