Factors That Make It Difficult and Costly for a Company

question 4

Multiple Choice

Factors that make it difficult and costly for a company to enter a particular task environment or industry are ________.

• A) political forces
• B) barriers to entry
• C) barriers to exit
• D) free trade agreements

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Definitions:

Formal Operational Thought

A stage in Piaget's theory of cognitive development, usually beginning around age 12, where individuals develop the ability to think abstractly, logically, and systematically.

Think in Possibilities

The approach of considering various potential outcomes or solutions when faced with a situation or problem.

Adult Thoughts

Cognitive processes or reflections typically characterized by greater complexity, abstraction, or maturity, associated with the mental capacity of adults.

Creative Impulse

The innate drive or motivation within individuals to bring about new ideas, solutions, or artistic expressions.