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What are the common barriers to entry that entrepreneurs might experience in business operations?
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What are the common barriers to entry that entrepreneurs might experience in business operations?

User Yask
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13 votes

Answer:

Common barriers to entry include special tax benefits to existing firms, patent protections, strong brand identity, customer loyalty, and high customer switching costs. Other barriers include the need for new companies to obtain licenses or regulatory clearance before operation.

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User Hemant Bavle
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