Candlestone operates in a task environment with a high barrier to entry, which means
A)the task environment is inexpensive to enter.
B)Candlestone is able to sell its products easily, even if they are overpriced.
C)Candlestone has many competitors and faces challenges from them frequently.
D)the task environment is easy to enter.
E)Candlestone is unable to obtain customers, despite the excellent quality of its products.

Question

Quizplus · Accepted Answer

High barriers to entry typically mean that new competitors find it difficult to enter the market, allowing existing companies like Candlestone to have more control over pricing and market share.

Candlestone Operates in a Task Environment with a High Barrier