Question

Factors that make it costly for an organization to enter an industry as a new competitor are known as: a. government regulation. b. brand loyalty. c. technological forces. d. economies of scale.

Answer 1

Step-by-step explanation:

The factors that make it costly for an organization to enter an industry as a new competitor are known as "d. economies of scale."

Economies of scale refer to cost advantages that larger companies often have over smaller ones. As a new entrant in an industry, a company may face higher costs because it lacks the scale and production efficiency of established competitors. Larger companies can often produce goods or services more efficiently, leading to cost advantages that new competitors must overcome to compete effectively. This can make it costly and challenging for new entrants to establish themselves in the market.