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Exam Principles-of-Management Topic 1 Question 30 Discussion

Actual exam question for WGU's Principles-of-Management exam
Question #: 30
Topic #: 1
Which competitive force is reduced by the barriers provided by government policies, capital requirements, brand identification, and cost disadvantages? Choose 1 answer

Suggested Answer: A Vote an answer

The competitive force reduced by barriers such as government policies, capital requirements, brand identification, and cost disadvantages is the threat of new entrants. These barriers make it difficult for new firms to enter an industry and compete with established companies, thereby protecting existing firms from new competitors.

by Maxwell at Jan 14, 2025, 04:33 PM

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