Barriers to entry include all of the following except:
A) patents
B) switching costs
C) environmental instability
D) building customer loyalties

Question

Barriers to entry include all of the following except: 
A) patents
B) switching costs
C) environmental instability
D) building customer loyalties

Quizplus · Accepted Answer

Environmental instability is not considered a barrier to entry. Barriers to entry are obstacles that prevent new competitors from entering a market, and typically include things such as high startup costs, proprietary technology or patents that are difficult to replicate, established brands and customer loyalties, and high switching costs or other factors that make it difficult for customers to switch to a new provider or product.

Barriers to Entry Include All of the Following Except