The "Old" Barriers to Entry That Kept Competitors Out of a Market

question 18

Multiple Choice

The "old" barriers to entry that kept competitors out of a market included

• A)large investments to play in the same league with existing suppliers.
• B)great difficulty in taking customers away from existing suppliers.
• C)lack of experience with the technology and a steep learning curve to become as good as the existing suppliers.
• D)all of the above

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Definitions:

Profitable Store

A retail establishment that consistently earns more revenue than its expenses, resulting in a financial gain.

Consultants

Professionals who provide expert advice in a particular area or industry.

Salespersons Goals

Objectives or targets set for a salesperson to achieve within a specific time frame, typically related to sales volume or revenue.

Commission

A fee or percentage of a sale paid to a salesperson, intermediary, or agent for their services in facilitating the transaction.