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 132 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
YES! Correct, THANKS for helping me on my review

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Stuffed Jackalope in restaurant near Death Valley Stuffed Jackalope in restaurant near Death Valley
The parathyroid glands. These four glands are located on the posterior side of the thyroid gland. Th The parathyroid glands. These four glands are located on the posterior side of the thyroid gland. Th
The high-voltage shut-off switch on a Ford Escape hybrid. The switch is located under the carpet at ... The high-voltage shut-off switch on a Ford Escape hybrid. The switch is located under the carpet at ...
Most air filter housings are located on the side of the engine compartment and use flexible rubber ... Most air filter housings are located on the side of the engine compartment and use flexible rubber ...
Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ... Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ...
Business Mathematics in Canada, 11e (Jerome, Worswick) Business Mathematics in Canada, 11e (Jerome, Worswick)
Video: Antidiuretic hormone (vasoconstriction, water reabsorption & sweat inhibition)

For a complete list of videos, visit our video library