Which one of the following is not a key characteristic that leads to a difficult competitive environment for service industries?
A) Low barriers to entry.
B) Lack of sustainable competitive advantage.
C) Lack of government regulation and oversight.
D) Low switching costs for customers.

Question

Quizplus · Accepted Answer

Lack of government regulation and oversight could actually create a more favorable competitive environment for service industries, especially if there are not strict rules and regulations that limit their ability to operate and innovate. Low barriers to entry, lack of sustainable competitive advantage, and low switching costs for customers are all characteristics that make it harder for service industries to stand out and maintain profitability.

Which One of the Following Is Not a Key Characteristic