Which of the Following Cannot Be an Effective Entry Barrier

question 301

Multiple Choice

Which of the following cannot be an effective entry barrier?

• A) a firm making very high economic profits
• B) a firm being granted a patent for its product
• C) a firm owning all of a vital resource needed to produce a good
• D) when huge economies of scale exist

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Definitions:

Network of Contacts

A system or group of interconnected people that an individual can communicate with, usually for professional or personal advantage.

Statement of Objective

A clear, concise description of the goals or intended outcomes of a project, research, or activity.

Headhunters

Recruiting specialists or agencies that seek out, identify, and approach individuals to fill specific high-level positions within organizations.

Executive Positions

Roles within an organization that are responsible for strategic decision-making and overall direction, often including titles such as CEO or CFO.