What protects a business from the threat of entry by potential competitors?
A)low price
B)barriers to entry
C)potential substitutes
D)high costs

Question

Quizplus · Accepted Answer

Barriers to entry protect a business from potential competitors by making it difficult or expensive for new firms to enter the market. This can include things like high startup costs, brand recognition, patents, or government regulations. By having these barriers in place, existing businesses are able to maintain a competitive advantage and limit the number of new entrants into the market.

What Protects a Business from the Threat of Entry by Potential