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:

Supply Chain

The network of all entities involved in producing and delivering a product or service, from raw materials to the end consumer, critical for operational efficiency.

Seaports

Maritime facilities that include harbors, docks, and terminals which accommodate sea-going vessels for the purpose of transferring goods and passengers to and from land.

Airports

Complexes that facilitate air transport, including runways, terminals, and support services for passengers and cargo.

Rail

A mode of transport that uses trains and railway tracks to move goods and passengers from one location to another.