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1 year ago

high initial costs, licenses, start-up fees and government regulation are all examples of .

1 answer:

8 0

High initial costs, licenses, start-up fees and government regulation are all examples of barriers to entry or exit.

<h3>What is barriers to entry or exit?</h3>

A barrier to entry can be described as something that can cause obstacles or impedes the ability that is been attributed to a company (competitor) when trying to be part of the industry.

It should be noted that a barrier to exit serves as something that obstruct the capability of of a company (competitor) to go out of industry, hence High initial costs, licenses, start-up fees and government regulation are all examples of barriers to entry or exit.

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Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew.

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Social context -

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It is also known as the sociocultural context or social environment .

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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