which of the following is an example of a barriers to entry that an entrepreneur could face? (1 point)…

which of the following is an example of a barriers to entry that an entrepreneur could face? (1 point) obtaining proper licensing to start the business a possible economic downturn in the future a past failed business by the entrepreneur the entrepreneur already owning another business

which of the following is an example of a barriers to entry that an entrepreneur could face? (1 point) obtaining proper licensing to start the business a possible economic downturn in the future a past failed business by the entrepreneur the entrepreneur already owning another business

Answer

Brief Explanations:

Barriers to entry are obstacles that prevent new firms from easily entering a market. Obtaining proper licensing is an administrative - type barrier that an entrepreneur may face when starting a business. Economic downturn is a general market condition, a past - failed business is a personal history factor, and owning another business is not a barrier to starting a new one.

Answer:

obtaining proper licensing to start the business