Business Middle School

Which of the following is not a barrier to entry?
A) an inelastic demand curve
B) economies of scale
C) ownership of a key input
D) a patent

Answers

Answer 1

Answer:

A

Explanation:

Answer 2

An inelastic demand curve is not a barrier to entry. Thus, option (a) is correct.

What is demand?

The term “demand” is relying on people needs and wants to the amount of goods and services. Demand is an economic notion that deals with the connection between consumer demand for goods and services and their market prices.

According to the inelastic demand curve, entrance is not a barrier. In visual representations, the curve for a relatively elastic commodity is portrayed as a continuous line because the demand increases is equal at any price. When a buyer's demand for a particular item does not fluctuate as much as its price does, this is referred to as inelastic demand.

As a result, an inelastic demand curve is not a barrier to entry. Therefore, option (a) is correct.

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Related Questions

According to the value chain business model, what are the various strategic decisions that a business can make?

According to the value chain business model,(blank) a. Horizontal b. Forward c. Vertical

integration involves a business taking over a competitor that operates at the

same stage in the value chain.

(Blank) a. Horizontal b. Backward c. Forward Integration refers to a business's expansion in previous stages of a value chain.

Answers

According to the value chain business model, blank a. Horizontal b. Forward c. Vertical are the various strategic decisions that a business can make.

What is a value chain business model?

Value chain business model is the process of transforming the business model or idea into the real process that comes into reality. It allows maximizing the efficiency of the quality of the product and business so that it can deliver the best.

Thus, option A is correct.

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According to the value chain business model, a horizontal type of integration is the one that involves a business taking over a competitor that operates at the same stage in the value chain.

Horizontal integration aims to consolidate market share, increase economies of scale, decrease competition, and gain more control over the industry. The company can thus expand its presence in the market. It does so by combining with or acquiring a direct competitor, which will allow the business to capture a larger market share.  Thus, a. horizontal would be the answer you are looking for.

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Everfi: Module 3
Budgeting for Needs

Select the items that are needs from your bank statement.

ABC BANK

Available Balance

$230.00



Cell phone plan$45


Rent$400


Car insurance$60


Backpack$10


Electric bill$60


Car payment$250

Answers

Answer: I am pretty sure the best 2 answers will be your rent and car payment

Explanation:First off Shelter is a need not a want. Electricity, a Backpack, Car insurance and a cell phone plan is a want. So maybe just the rent but I for sure know rent and food is a definite need.

Rent$400 Car insurance$60 t the items that are needed from your bank statement.

What is the statement?

Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give commands. They are also not utterances. Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give speech acts. They are also not exclamations.

First of all, shelter is a necessity, not a luxury. Wants include electricity, a backpack, auto insurance, and a cell phone subscription. Maybe merely the rent is needed, but I am certain that food and rent are necessities.

The statement provides the beginning and ending balances for the period along with deposits, charges, and withdrawals. Every month, account holders typically analyze their bank statements to assist them to keep track of their spending and costs and to check for any erroneous or fraudulent charges.

Therefore, Thus option (B) is correct.

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