Which of the following statements supports the fact that Candlewick Inc.operates in a task environment with a high barrier to entry?
A)The task environment within which Candlewick Inc.operates is inexpensive to enter.
B)Candlewick Inc.is able to sell its products easily, even though they are overpriced.
C)Candlewick Inc.has many competitors and faces challenges from them frequently.
D)The task environment within which Candlewick Inc.operates is easy to enter.
E)Candlewick Inc.is unable to obtain customers, despite the excellent quality of its products.

Question

Quizplus · Accepted Answer

Barriers to entry are factors that make it difficult and costly for a company to enter a particular task environment or industry.In other words, the more difficult and costly it is to enter the task environment, the higher are the barriers to entry.The higher the barriers to entry, the fewer the competitors in an organization's task environment and thus the lower the threat of competition.With fewer competitors, it is easier to obtain customers and keep prices high.

Which of the Following Statements Supports the Fact That Candlewick