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10 March, 05:32

What industries do you regard as being highly competitive? can you identify any barriers to entry in those industries?

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  1. 10 March, 07:46
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    Five Industries as being highly competitive and their barriers to entry. Farming and farm supplies - the barriers are the cost of land and machinery or in the case of chemical applications, licensing.

    Consumer electronics - the barriers are brand loyalty or control of essential factors of production. Dry cleaners - Barriers are the availability of suitable locations (near residential areas and properly zoned) and the availability of equipment, in addition to high start-up costs.

    Internet Service Providers - the barriers of the internet service providers are the knowledge of running a server, cost of a dedicated trunk line for access to the telephone network and the cost of purchasing a computer server.

    Taxi service - the barriers include the need for taxi medallions, which must be acquired through an expensive legal proceeding or purchased from existing companies.
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