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What is meant by barriers to entry? What are the three types of barriers? Give an example of each.
Working Capital
The difference between a company's current assets and current liabilities, indicating short-term financial health.
Financial Data
Financial data encompasses quantitative information about a business's financial position, performance, and cash flows, typically found in financial statements.
Sales On Account
Transactions where revenue is recorded when a sale is made but the cash is collected at a later date.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations by dividing current assets by current liabilities.
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