Strategies used by entrepreneurs to overcome barriers to entry do NOT include:
A)finding ways to reduce costs.
B)using regulatory strategies to the entrepreneur's advantage.
C)duplicating the product of the industry leader.
D)combatting customer lock-in.

Question

Quizplus · Accepted Answer

Duplicating the product of the industry leader is not a recommended strategy as it can lead to legal repercussions and does not promote innovation. The other options, including finding ways to reduce costs, using regulatory strategies to the entrepreneur's advantage, and combatting customer lock-in, are commonly used strategies by entrepreneurs to overcome entry barriers.

Strategies Used by Entrepreneurs to Overcome Barriers to Entry Do