IT creates barriers to entry that help reduce the threat of entry.

Name: IT creates barriers to entry that help reduce the threat of entry.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

IT investments can create barriers to entry by making it harder for new entrants to compete due to high startup costs, specialized knowledge, and substantial investments in technology and infrastructure. As a result, existing firms can enjoy a competitive advantage and reduce the threat of entry.

IT Creates Barriers to Entry That Help Reduce the Threat