The Internet Is Largely Seen as Lowering the Entry Barrier

question 4

True/False

The internet is largely seen as lowering the entry barrier for new entrants, but firms that enter may have little chance of success unless they have a competitive advantage over existing rivals

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Definitions:

Posttraumatic Growth

Positive psychological changes experienced as a result of struggling with highly challenging life circumstances or traumatic events.

Severely Traumatic

Describes an event or experience that is extremely distressing or disturbing, often leading to lasting psychological impact.

PTSD

Post-Traumatic Stress Disorder, a mental health condition triggered by experiencing or witnessing a terrifying event, leading to prolonged distress and anxiety.

Conditioning

A behavioral process whereby a response becomes more frequent or predictable in a given environment due to reinforcement.