Building customers' switching costs decreases barriers to entry for other firms.
Correct Answer:
Verified
Q16: Newness of a new entry is always
Q17: Market research,such as surveys,has limited effectiveness because
Q18: An entrepreneurial strategy has three key stages-the
Q19: The entrepreneur's market knowledge is deeper than
Q20: A new entry can be either offering
Q22: A narrow scope strategy reduces the risks
Q23: Adaptations necessary to meet changes in market
Q24: Key success factors are the requirements that
Q25: Technological uncertainty is eliminated by a superior
Q26: To overcome customer uncertainty,the venture should educate
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