Pine Street Knitting Mill was not making a profit on its textile lines,but was reluctant to withdraw from textile manufacturing because it had so many sewing machines and workers who knew how to use them.Pine Street was suffering from

Question

Quizplus · Accepted Answer

Exit barriers are obstacles that prevent a company from leaving a particular industry or market. In this case, Pine Street Knitting Mill is finding it difficult to withdraw from textile manufacturing because it has a significant investment in sewing machines and a workforce trained to use them - this is an example of exit barriers.

Pine Street Knitting Mill Was Not Making a Profit on Its