Which of the Following Would Be an Entry Barrier

question 55

Multiple Choice

Which of the following would be an entry barrier?

• A) easy access to raw materials
• B) low switching costs
• C) large economies of scale
• D) low capital requirements

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Definitions:

Core Competencies

Key strengths or strategic advantages that a business or individual possesses, which are central to their ability to perform effectively and differentiate themselves in the marketplace.

Holacracy

A decentralized management and organizational approach where decision-making is distributed through self-organizing teams rather than through a traditional managerial hierarchy.

Circles

Groups or gatherings of individuals with a shared purpose, interest, or connection.

Virtual Organization

A business model characterized by a network of remote collaborations and communications among individuals or groups, enabled by digital technologies, without a centralized physical office.