Legal requirements that banks,providers of wireless telecommunication services,and taxis must obtain a government issued license before going into business impact the profitability of their respective industries:
A) Negatively because governments charge high fees for such licenses
B) Positively because they restrict entry to the industry
C) Negatively because such licensing is usually accompanied by regulation of prices
D) Positively if such licenses can be sold on a secondary market
Correct Answer:
Verified
Q41: Identifying key success factors within an industry
Q41: An industry's current profitability:
A)On its own tends
Q43: Initiatives to improve an industry's profitability through
Q43: The suppliers of agricultural products tend to
Q46: For most business enterprises a market is:
A)An
Q47: In practice,drawing the boundaries of industries and
Q47: Key success factors are:
A)Factors that allow rivals
Q49: The most useful approach to forecasting industry
Q50: Airlines' frequent flyer programs and retailer loyalty
Q51: A market's boundaries are defined by:
A)The geographies
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