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jenyasd209 [6]
2 years ago
13

An example of a barrier to entry is A) product differentiation. B) high profits. C) occupational licensing.

Business
1 answer:
bonufazy [111]2 years ago
3 0

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.
<h3>What is product differentiation?</h3>
  • 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.
<h3>What is occupational licensing?</h3>
  • 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:

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Kristi is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she p
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