_____ Refer(s)to Factors That Make It Difficult and Costly for a Company

question 18

Multiple Choice

_____ refer(s) to factors that make it difficult and costly for a company to enter a particular task environment or industry.

• A) Political forces
• B) Barriers to entry
• C) Demographic forces
• D) Barriers to exit
• E) Power distance

---

Definitions:

Market Share Theory

Product liability theory which holds that when it is impossible to identify the manufacturer of a particular product that caused harm, the plaintiff may sue all manufacturers of the product, with liability apportioned among them on the basis of each one’s market share.

Products Liability Action

A legal claim against a manufacturer or seller for producing or selling a defective product causing injury or damage.

MacPherson Case

A landmark legal case that established the principle of duty of care in negligence, making manufacturers liable for harm caused by defective products.

Foreseeable Plaintiff

A person who is reasonably expected to be affected by a defendant's actions, thus entitled to protection under the duty of care in negligence law.