The More Difficult It Is to Enter the Task Environment

question 32

Multiple Choice

The more difficult it is to enter the task environment

• A)the easier it is to keep prices high.
• B)the lower is the barrier to entry.
• C)the harder it is to obtain customers.
• D)the more competitors an organization faces.
• E)the less expensive it is to enter the industry.

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Definitions:

Consequential Damages

Losses that do not flow directly from an act but only from some of the consequences or results of the act.

Lost Profits

Potential earnings that a business did not realize due to a breach of contract, negligence, or other wrongful acts.

Unconscionable

Referring to an agreement or action that is excessively unfair or unjust, often to the degree that it is deemed unenforceable in a court of law.

Resell

The act of selling a product or service that one has bought to another buyer.