What Is BYD Using to Avoid Entry Barriers Upon Entering

question 39

Multiple Choice

What is BYD using to avoid entry barriers upon entering the automotive industry?

• A) They purchased a major automotive company.
• B) They reduced the switching costs of moving to electric vehicles.
• C) They used proprietary battery technology for use in electric vehicles.
• D) They have an established brand in China.

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Definitions:

Personal Biases

Individual prejudices or preconceived notions that influence one’s judgment or decision-making process.

Overpreparing

The act of preparing more thoroughly or in greater detail than necessary, often at the expense of flexibility or spontaneity.

Not Listening

The act of ignoring or failing to pay attention to information, instructions, or feedback, often leading to misunderstandings or mistakes.

Not Talking Enough

A communication issue where insufficient verbal interaction leads to misunderstandings or lack of clarity.