F1 Chapter 3 Questions
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okay on question 2, how is LOW CAPITAL EXPENDITURE an entry barrier?
okay sorry I didn’t get the style of correction there …I am the one getting it wrong
Okay . High capital expenditure is a barrier to entry because more capital expenditure are need for industory.
Why High Know-How is the disadvantage?
High know-how means you need a lot of knowledge/experience to succeed. This makes it more difficult for a new company to enter the market, hence it is a barrier to entry.
got 100%, its very helpful thanks.
what does low capital expenditure referring to?
You do not need to spend much on non-current assets.
I think the answer to question 3 is wrong. It asks which 2 activities are NOT primary activities. Answer should be the support activities – human support management and procurement. I was marked wrong for this when I think it should be right, should it not?
Thanks
Sorry, just realised I forgot to tick procurement!
No problems.
100% yay me, getting there
I scored an 80%. Thank you.
I want to ask how is low market fragmentation a potential barriers to entry?
Low fragmentation means that there are only a few big companies and they will dominate the market and enjoy great economies of scale. This will make life difficult for new entrants. Eg, it will be relatively difficult for a new laptop company to enter that market which is dominated by Apple, Lenovo and HP.
Could you plz tell me why governments grant is not a barrier to entry?
Actually I remember that there is a example of banks which need various regulation authorities.Isn’t a entry barrier of governments grant ?Thx
If the government is giving grants to new firms, this should encourage entry into the market, not discourage it. That is usually the government’s purpose: to boost that sector of the economy.
Thanks for the answer! It looks like I’ll need to do some extra work in learning these terminologies given that I haven’t done RQF level 2 and 3, but I jumped straight into f1 due to time constraints.
What do you suggest? Thanks again!
Read our notes and listen to the lectures.Buy a book of F1/AB questions and practise those.
I scored 100 point
wow… 100%
i had a 60 although i justb wanted to try cause i didnt finish reading the chapter
?????????
wonderful
Suggest me some suitable book for f1
BPP and Kaplan publish suitable books. The most important are their revision kits or books of questions because question practise is essential. You might not need study texts as you might find our notes and lectures enough.
100%
100%
Scored 80
80 % ..! 馃檪
i got 80 % 馃槢 xD
I got 60% 馃檪
i got got on this one. i appreciate the mistake