Which of the Following Is Not a Barrier to Entry

question 73

Multiple Choice

Which of the following is not a barrier to entry?

• A)an inelastic demand curve
• B)economies of scale
• C)ownership of a key input
• D)a patent

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Definitions:

Transformational Leadership

Leadership approach that causes change in individuals and social systems, enhancing motivation, morale, and performance.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through personal charm and persuasive communication.

Transformational Leadership

involves leaders working with their teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of the group.

Referent Power

A form of power that stems from being admired and respected. It's the influence one has because others want to identify with or be like them.