Barriers to entry
Conditions that make entering a market expensive, slow or difficult for new competitors. Barriers to exit are a different concept: they make leaving costly.
Barriers to entry at Hanil Widget Works
Hanil’s customers custom-tool their production lines around its specs, which is the kind of switching-cost barrier that may impede new entrants, without guaranteeing returns during a hold.
- scale
- brand
- switching costs
- regulation
Terms Related to Barriers to entry
Switching costs · Economies of scale · Moat · Five Forces · Going concern · All of the glossary