The Factors That Lead to a Low-Cost Position Also Provide

question 26

Multiple Choice

The factors that lead to a low-cost position also provide a substantial ________ barriers position with respect to ________ products introduced by new and existing competitors.

• A) entry; substitute
• B) exit; primary
• C) product; substitute
• D) entry; primary

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Definitions:

Working Memory

A cognitive processing module with limited storage capacity, used for holding information momentarily for processing tasks.

Short-Term Memory

A limited-capacity store that can maintain unrehearsed information for about 20 to 30 seconds.

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses, momentarily retaining impressions of sensory information after the original stimuli have ended.

Proactive Interference

A phenomenon where old memories hinder the capacity to remember new information.