Barriers to Entry
Barriers to Entry are the obstacles that a firm must overcome to enter an industry. The barriers can be tangible or intangible. The tangible barriers include capital requirements, technological know –how ,resources, and the laws regulating entry into an industry. The intangible barriers include the reputation of existing firms, the loyalty of consumers to existing brands, and access to the managerial skills required for successful operation in an industry.
Category: Management & Organization Studies
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