Which of the Following Is Not a Barrier to Entry

question 72

Multiple Choice

Which of the following is not a barrier to entry?

• A) Economies of scale
• B) Brand loyalty
• C) Absolute cost advantages
• D) High customer bargaining power
• E) High customer switching costs

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Definitions:

New Interest

The development of a curiosity or enthusiasm for a previously unexplored topic or activity.

Conditioned Taste Aversion

An acquired response where an individual associates the taste of a certain food or drink with a negative response, typically after illness.

Chili Dogs

A popular food item consisting of a hot dog served in a bun and topped with chili sauce.

Law Of Effect

One of Thorndike’s laws of learning, which states that the consequence, or effect, of a response will determine whether the tendency to respond in the same way in the future will be strengthened or weakened.