Thomas Has Developed a New Social Media Site That He

question 61

Multiple Choice

Thomas has developed a new social media site that he feels can compete heavily with Facebook.Unfortunately,he cannot find someone to lend him enough money to market his product to consumers.Thomas is facing which kind of barrier to entry?

• A) control of resources
• B) problems raising capital
• C) economies of scale
• D) licensing
• E) patents and copyright law

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Definitions:

Convenience Sampling

a non-probabilistic sampling technique where subjects are selected because of their convenient accessibility and proximity to the researcher.

Shared Environment

The aspects of an environment that individuals living together share, which can influence their development.

Personality Development

The process through which a person's distinct patterns of behavior, thought, and emotion evolve over time.

Genetics

The study of genes, genetic variation, and heredity in living organisms, explaining how traits are passed from parents to offspring.