Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
An example of a barrier to entry is (A) product differentiation.
What is Barrier to entry?
- A high entrance cost or another form of barrier inhibits a fledgling company from entering a market and facing up against established companies.
- Government rules, the requirement for permits, and having to compete with a big company as a starting small business are all examples of entry barriers.
What is product differentiation?
- Differentiation between products is seen to be an entry barrier.
- It becomes more difficult for a new business to identify a lucrative market niche when a market is oversaturated with a broad variety of related, branded, and differentiated products.
What is occupational licensing?
- A license is needed to practice a certain profession or vocation for pay, and this type of regulation is known as occupational licensing or occupational licensure.
- It has something to do with job closing.
Therefore, an example of a barrier to entry is (A) product differentiation.
Know more about the lucrative market here:
https://brainly.com/question/25309906
#SPJ4
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
