A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)?

A. Switching costs

B. Loyalty programs

C. Entry barriers

D. Affiliate programs

Answer: Option C

Solution(By Examveda Team)

A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as an Entry barriers.