Customer loyalty,patented technologies,and managerial know-how are market entry barriers that affect both small and large firms.

Question

Quizplus · Accepted Answer

Customer loyalty, patented technologies, and managerial know-how are all examples of intangible assets that can create market entry barriers for both small and large firms. These barriers can make it difficult for competitors to enter the market and can provide a competitive advantage for firms that already have these assets in place. Therefore, the statement is true.

Customer Loyalty,patented Technologies,and Managerial Know-How Are Market Entry Barriers That