Which of the Barriers to Entry Can Last Indefinitely and Which

question 110

Essay

Which of the barriers to entry can last indefinitely and which are more likely to eventually erode such that a new entry can take place?

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Definitions:

Roofing Fees Revenue

This refers to the income generated from providing roofing services.

Accounts Receivable

Outstanding payments due to a business from its clients for goods or services already delivered but not yet settled.

Unearned Revenues

Funds paid to a business for products or services that are to be supplied or carried out in the future.

Adjusting Entry

An accounting entry made in the books at the end of an accounting period to allocate income and expenditure to the correct period.