________ Are Barriers to Imitation That Prevent Rivals from Competing

question 5

Multiple Choice

________ are barriers to imitation that prevent rivals from competing away the advantage a firm may enjoy.

• A) Embargoes
• B) Cartel arrangements
• C) Isolating mechanisms
• D) Market niches

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Definitions:

Remittance

Amount that a buyer actually pays after deducting a cash discount.

Discount Period

A certain number of days after the invoice date, during which a buyer may receive a cash discount. The time between a note’s discount date and its maturity date.

Trade Discount

A reduction in price given by a seller to a buyer, usually based on the quantity purchased or agreed upon terms, not reflected in the invoice amount.

Net Price

The actual price paid for a product or service after deducting any discounts, rebates, or allowances.