For a Company Planning to Enter a Task Environment or Industry

question 23

Multiple Choice

For a company planning to enter a task environment or industry, the greater the economies of scale within that task environment,

• A)the higher will be the barriers to entry.
• B)the smaller will be the investment.
• C)the easier it will be to create brand loyalty.
• D)the higher will be tariff rates.

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Definitions:

Production System

A system that encompasses all activities required to create a product or service, from raw materials procurement to final output.

Low Demand

A situation characterized by a reduced desire or need for products or services in the market.

Forecasting

The process of making predictions about future events or trends based on historical data analysis or model projections.

Future Demand

The anticipated need or desire for products or services in an upcoming period, based on trends, historical data, and forecasting models.