If it is difficult and costly to enter a task environment, then for companies already within a task environment or industry,
A)the barriers to entry are low.
B)threat of competition is high.
C)it is easier to obtain customers.
D)it is harder to keep prices high.

Question

Quizplus · Accepted Answer

When barriers to entry are high, it is difficult for new competitors to enter the market, making it easier for existing companies to maintain their customer base and market share.

If It Is Difficult and Costly to Enter a Task