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What do you mean by barriers to enter and barriers to exit from an industry?

security barriers


Exit barriers low or high in pharmaceutical industry?

what are the entry barriers in pharmaceutical industry?


What are the barriers to entry and exit in Starbucks coffee shop?

aaa


Are exit barriers high or low in the spirit industry?

yes


What market structure is free from barriers to entry and exit?

Perfect competition


Which of the following describes a feature shared by both monopolistic competition and perfect competition a.absolute power b.standardized products c.no barriers to entry or exit in the long run?

c) no barriers to entry or exit in the long run


What are the seven barriers to proper communication?

The seven barriers of proper communication are the following: Physical barriers, perceptual barriers, emotional barriers, cultural barriers, language barriers, gender barriers, and interpersonal barriers.


What are the 4 types of business breaking barriers with IT?

Time barriers, geographic barriers, cost barriers, structural barriers.


What was the external environments has affected merck company?

There were many external environments that affected Merck company. They were rivalry, entry and exit barriers, supplier power, buyer power and threat of substitutes.


What are 3 common types of trade barriers?

physical barriers, language barriers and cultural barriers


Factors to consider when determining industry attractiveness?

The barriers of entry, the value the industry can provide for customers, capital requirement, exit barriers. All this can be determined using Porter's Five Force Model, which looks at competitor (Rivalry), threat of new entrants, supplier power, buyer power, and threat of substitute products.


What are the key differences between perfect and imperfect competition in the market?

Perfect competition is a market structure where there are many buyers and sellers, identical products, perfect information, and no barriers to entry or exit. In contrast, imperfect competition includes elements like differentiated products, market power for some firms, and barriers to entry.