Some industries are relatively easy to enter, but automobile manufacturing is not because
A) the market is saturated.
B) it is very capital-intensive.
C) it is a foreign market.
D) it is too labour intensive.
E) none of these is correct.

Question

Quizplus · Accepted Answer

Automobile manufacturing requires significant capital investment in production facilities, equipment, and research and development. This makes it difficult for new entrants to compete with established automakers who have already made these investments.

Some Industries Are Relatively Easy to Enter, but Automobile Manufacturing