The Internet has impacted business for new firms by increasing the barriers to market entry.

Name: The Internet has impacted business for new firms by increasing the barriers to market entry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Internet has actually decreased barriers to market entry for new firms by providing access to global markets, lowering startup costs, and enabling easy communication and collaboration. However, it has also increased competition and the need for businesses to have a strong online presence.

The Internet Has Impacted Business for New Firms by Increasing