Attributes associated with a product or service that cause customers to prefer it rather than competing products or services are _____.
A) entry barriers
B) economies of scale
C) capital requirements
D) product/service differentiation
E) hypercompetition
Correct Answer:
Verified
Q16: Which of the following industry characteristics leads
Q17: An industry characterized by the existence of
Q18: Forces that keep new competitors out and
Q19: Cost savings that occur when it is
Q20: Costs associated with starting a business are
Q22: Entry barriers are caused by all of
Q23: Resources that are possessed by industry participants
Q24: Substitute products form a _.
A) ceiling on
Q25: The interest that a group takes in
Q26: Having a legal right to make decisions
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