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Essay

Industry Practices

Essay specific features

 

Issue:

Business

 

Written by:

John M

 

Date added:

July 7, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 513

 

Was viewed:

2405 times

 

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Essay content:

Entry of potential competitors. The more companies enter the industry, the more difficult it becomes for established companies to hold their share of the market and to generate high profits. High or low risk of entry depends on the size of barriers to entry ? brand loyalty - continuing preference of buyers over time for the products of particular companies ? cost advantage - established companies have developed the right size and learning experience to produce cost effectively (discounts on bulk purchases, lower per unit technology costs) ? scale - efficient size of an operation ? legal barriers - regulations, tariffs, quotas, embargoes 3...
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Entry of potential competitors. The more companies enter the industry, the more difficult it becomes for established companies to hold their share of the market and to generate high profits. High or low risk of entry depends on the size of barriers to entry ? brand loyalty - continuing preference of buyers over time for the products of particular companies ? cost advantage - established companies have developed the right size and learning experience to produce cost effectively (discounts on bulk purchases, lower per unit technology costs) ? scale - efficient size of an operation ? legal barriers - regulations, tariffs, quotas, embargoes 3...
displayed 300 characters

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