Thomas has developed a new social media site that he feels can compete heavily with Facebook.Unfortunately,he cannot find someone to lend him enough money to market his product to consumers.Thomas is facing which kind of barrier to entry?
A) control of resources
B) problems raising capital
C) economies of scale
D) licensing
E) patents and copyright law

Question

Quizplus · Accepted Answer

Thomas is facing a problem in raising capital, which means he cannot gather enough funds to market his product to consumers. This is a barrier to entry because without sufficient funds, he cannot enter the market and compete with established players like Facebook.

Thomas Has Developed a New Social Media Site That He