Which of the following are major barriers to entry choose every correct answer quizlet?

Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
A.
cultural, lifestyle, and demographic changes.

B.
the birth of new industries, new knowledge, and disruptive technologies.

C.
weather, climate change, and water shortages.

D.
interest rates, exchange rates, unemployment rates, inflation rates, and economic growth.

E.
how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.

Which of the following do not qualify as potential driving forces capable of inducing fundamental changes in industry and competitive conditions?
A.
Changes in who buys the product and how they use it, changes in the long-term industry growth rate, and changes in cost and efficiency

B.
Entry or exit of major firms, product innovation, and marketing innovation

C.
Increases in the economic power and bargaining leverage of customers and suppliers, growing supplier-seller collaboration, and growing buyer-seller collaboration

D.
Diffusion of technical know-how and changing societal concerns, attitudes, and lifestyles

E.
Changes in manufacturing processes brought on by technological change, increasing globalization of the industry, and new Internet capabilities

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The external (SCP) approach: Apple produces (among other things) electronic devices such as MP3 players, smartphones, tablets, and computers. These submarkets are characterized by high barriers to entry (economies of scale, learning curve effects, high brand loyalty, intellectual property, network effects, highly efficient supply chains, etc.) and significant product differentiation, which results in relatively low competitive intensity, relatively high prices and profits, and significant
innovation and new product development.
The internal (RBV) approach: Apple possesses "rare and valuable" resources such as specialized capital equipment and a staggering level of financial capital, in addition to intangible
resources such as high brand loyalty, intellectual property, unique creative and executive talent, and perhaps a superior organizational culture. Apple leverages these resources to sustain a competitive
advantage.

George and KC have been working jobs that pay $20,000 and $30,000/year, respectively. They are trying to decide whether to quit their jobs and jointly open up a taco stand on the beach, which they estimate can earn $60,000/year. How will the taco stand proceeds be split?
a. They won't quit their jobs.
b. George gets $25,000, and KC gets $35,000.
c. George gets $30,000, and KC gets $30,000.
d. George gets $35,000, and KC gets $25,000.

The demand curve facing a

pure monopolist is downsloping, because the firm's supply is so small a part of the total industry supply that it cannot affect the price.

purely competitive firm is perfectly elastic, because the purely competitive firm may sell all that it wishes at the equilibrium price.

purely competitive firm is downsloping, because the purely competitive firm is faced by a normal downward-sloping industry demand curve.

pure monopolist is perfectly inelastic, because a pure monopolist may choose any desired price and quantity combination.

Which of the following are major barriers to entry?

Which of the following are major barriers to entry choose every correct answer?

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