Asked by Kathryn Murphy on May 20, 2024
Verified
Having a favorable window of opportunity is most closely related to:
A) barriers to entry.
B) exit mechanism.
C) channels of distribution.
D) strategic differentiation.
Window of Opportunity
A limited period during which an advantageous action can be taken or a goal can be achieved before the conditions change.
Barriers to Entry
Obstacles that make it difficult for new entrants to enter a market, including high start-up costs, legal restrictions, and existing competition.
- Understand the concept of window of opportunity in entrepreneurship.
Verified Answer
AJ
Ananya JunejaMay 21, 2024
Final Answer :
A
Explanation :
A favorable window of opportunity refers to a period of time where market conditions are favorable for a new entrant to successfully enter an industry. Barriers to entry are factors that create obstacles for new entrants, and if these barriers are low during a favorable window of opportunity, it makes it easier for new firms to enter and succeed in the market. Therefore, A is the best choice as it is directly related to the concept of favorable window of opportunity.
Learning Objectives
- Understand the concept of window of opportunity in entrepreneurship.