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:

Management Function

The organizational task of planning, organizing, leading, and controlling resources to achieve specific goals efficiently and effectively.

Managerial Success

The degree to which a manager achieves desired outcomes and objectives through effective leadership and resource management.

Critical Skills

Essential abilities or competencies necessary for effective performance in a particular job, field, or activity.

Levels Of Analysis

Different perspectives from which a topic can be examined, including individual, group, organizational, national, or international dimensions.