This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Shelly Brunner owns a sports-themed restaurant which is located in an upscale business district in ... (Read 144 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
on: Jul 6, 2018
Shelly Brunner owns a sports-themed restaurant which is located in an upscale business district in Chicago.
 
  One advantage that Shelly has is that she bought the lot she built her restaurant on 25 years ago when lots in the area were selling for 50,000. Shelly knows that several potential competitors have looked at bare lots near his business but haven't been willing to pay the asking prices, which are as high as 500,000. Which of the six major sources of barriers to entry is causing a disincentive for new firms to enter Shelly's industry?
  A) Capital requirements
  B) Economies of scale
  C) Product differentiation
  D) Government and legal barriers
  E) Cost advantage independent of size

Question 2

Entrepreneurial firms ________.
 
  A) are small firms that yield a level of income for their owner(s) that is similar to what they would earn when working for an employer
  B) bring to market new products and services that are not particularly innovative
  C) offer to customers common products that are not particularly innovative, and provide their owner(s) the opportunity to pursue a particular lifestyle and earn a living while doing so
  D) provide their owner(s) the opportunity to pursue a particular lifestyle and earn a living while doing so
  E) bring new products and services to market by creating and seizing opportunities


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bimper21

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 6, 2018
Answer to Question 1

E

Answer to Question 2

E


cagreen833

  • Member
  • Posts: 544
Reply 2 on: Jul 6, 2018
Wow, this really help

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Many fuel-control oxygen sensors are located in the exhaust manifold near its outlet so that the ... Many fuel-control oxygen sensors are located in the exhaust manifold near its outlet so that the ...
Business Letter Format and Example. Business Letter Format and Example.
Private Practice Massage Therapy Business Plan Private Practice Massage Therapy Business Plan
Private Practice Massage Therapy Business Plan Cont Private Practice Massage Therapy Business Plan Cont
Business mathematics Business mathematics
Business Math Business Math
Video: Hemodynamics Animation

For a complete list of videos, visit our video library