Which of the following are barriers to entry?
  1. Initial investment capital
  2. Intellectual property
  3. Government policy
  4. Sales channel access
  5. All of the above
Explanation
Answer: e - All of the above. Initial investment capital, intellectual property, government policy (e.g. a limited number of permits) and access to sales channels are all barriers to entry.

Key Takeaway: Try to remember this list because it is important to know when assessing the attractiveness of entering a new market.
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