Final answer:
Barriers to entry are the characteristics that place an organization at a disadvantage relative to others.
Step-by-step explanation:
Characteristics that place the organization at a disadvantage relative to others are termed barriers to entry. These are the legal, technological, or market forces that may discourage or prevent potential competitors from entering a market. Barriers to entry can include factors such as patents, high startup costs, economies of scale, and exclusive distribution agreements.
Barriers to entry refer to the obstacles and challenges that make it difficult for new firms to enter a particular industry or market. These barriers can protect existing businesses from new competitors, allowing them to maintain market share and potentially achieve higher profits.