Factors That Make It Costly for an Organization to Enter

question 87

Multiple Choice

Factors that make it costly for an organization to enter an industry as a new competitor are known as:

• A)Economies of scale
• B)Barriers to entry
• C)Brand loyalty
• D)Economic forces
• E)Technological forces

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Definitions:

Styles of Team Players

Different attitudes and behaviors individuals display while working in a team, ranging from leadership to supportive roles.

Top Management

The highest level of executives and senior administrators responsible for steering the overall direction of a company or organization.

Commitment

The state of being emotionally or intellectually devoted to a cause, activity, or relationship.

Team Building

Team building involves a variety of activities undertaken to enhance social relations and define roles within teams, often involving collaborative tasks to improve team performance and interpersonal relationships.