Would it be difficult for a new entrant to have enough resources to compete efficiently?

Do you have a unique process that has been protected?
For example, if you are a technology-based company with patent protection for your research investments, you enjoy some barriers to entry.
Are there high start-up costs for your industry?
The greater the capital requirements, the lower the threat of new competition.
Are the assets needed to run your industry unique?
Others will be more reluctant to enter the market if the technology or equipment cannot be converted into other uses if the venture fails.
Is there a process or procedure critical to your industry?
The more difficult it is to learn the business, the greater the entry barrier
Will a new competitor have difficulty acquiring/obtaining needed inputs?
Current distribution channels may make it difficult for a new business to acquire/obtain inputs as readily as existing businesses.
Will a new competitor have any difficulty acquiring/obtaining customers?
If current distribution channels make it difficult for a new business to acquire/obtain new customers, there will be a barrier to entry.
Would it be difficult for a new entrant to have enough resources to compete efficiently?
For every product, there is a cost-efficient level of production. If challengers can’t achieve that level of production, they won’t be competitive and therefore won’t enter the industry

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