Business Practices or Conditions That Make It Difficult for New

question 3

Multiple Choice

Business practices or conditions that make it difficult for new firms to enter the market are referred to as

• A) market obstructions.
• B) barriers to entry.
• C) switching costs.
• D) import-export firewalls.
• E) preemptive practices.

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Definitions:

Discussion Section

A portion of an academic paper where the results are interpreted, implications are discussed, and future research is proposed.

Research Questions

Specific queries that guide the direction of a study or investigation, seeking answers through systematic inquiry.

Future Research Needs

Identifies areas where additional studies are required to fill gaps in the current understanding or knowledge.

Theory

A set of principles or explanations that accounts for a phenomenon, predicting or explaining its nature and relationship with other phenomena.