Although in Canada reasonable efforts are made to provide a "level playing field" in business,it would be difficult for a new Canadian automobile company to be established today,primarily because of:
A)barriers to entry.
B)corporate prejudices.
C)government regulations of competitive practices.
D)lower standards of living.

Question

Quizplus · Accepted Answer

Barriers to entry, such as high start-up costs, limited access to distribution channels, and economies of scale enjoyed by established players, make it difficult for a new Canadian automobile company to be established. This would include challenges related to securing financing, establishing a customer base, and negotiating with suppliers. Corporate prejudices and government regulations may also contribute, but the primary obstacle in this scenario is likely the barriers to entry. Lower standards of living would not be a significant factor in this case.

Although in Canada Reasonable Efforts Are Made to Provide a "Level