Which One of the Following Is an Example of a Natural

question 45

Multiple Choice

Which one of the following is an example of a natural barrier to entry of new firms into an industry?

• A)licensing of professions
• B)economies of scale
• C)issuing a patent
• D)a public franchise
• E)ownership of a significant portion of a key resource

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Definitions:

Older Leaders

Individuals in leadership positions who have significant experience and wisdom due to their age, often facing unique challenges and opportunities.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people.

Leaders

Individuals who guide, influence, or command groups, organizations, or countries.

Similarities

Aspects or characteristics that are alike between two or more objects, individuals, concepts, or situations.