Barrier To Entry
Published on Nov 20, 2015
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
BARRIER TO ENTRY
FACTORS THAT MAKE IT DIFFICULT TO ENTER A MARKET.
START-UP COST
EXPENSES THAT MUST BE PAY BEFORE THE FIRST PRODUCT IS IN THE MARKET.
START-UP COSTS
- Start-up costs are high firms won't enter.📉
- High start-up costs are less likely to be perfectly competitive markets.
- Rent a store,buy necessary items for the new investment.
SOLUTION OF START-UP COSTS
- The growth of internet 💻 reduces the start-up costs in many markets.
- 📚 and 🎵are now found online/no need to rent a place to sell it.
- It makes markets more competitive.
Photo by Stéfan
TECHNOLOGY
- Markets require a high degree of technological know-how
- Ex: pharmacist, electrician, doctor or carpenter.👔
- Spend years training and learning before entering.
Photo by rao.anirudh
