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1.Which of the following best explains your above choice?

Select one:

A. The business is hightly correlated with general economic conditions.

B. Consumers can delay their purchase at full discretion.

C. Consumers purchase the product/service for basic needs.

2. An industry that most likely has high barriers to entry is the:

Select one:

A. retail industry.

B. automobile industry.

C. restaurant industry.

3. Which of the following best explains your above answer?

Select one:

A. The industry has greater difficulties in recruiting talent.

B. The industry has higher capital and technical requirements that result in a high barrier to entry.

C. The industry has low brand loyality.