Discuss the common barriers to entry of a firm into the new market
Discuss the common barriers to entry of a firm into the new market?
Entrepreneurship is defined as a task of setting up a business by taking considerable financial risks in order to achieve profits. Entrepreneurship is very important as it helps the entrepreneurs to make money and enhance their standard of living. The entrepreneurs initiates innovation which provides them a competitive advantage over other businesses in the market. Initiation of a new business helps to provide employment to many individuals which thereby enhances the development of economy. A goal of a business owner or an entrepreneur is simply to be successful, make money and in order to achieve this, it is important to implement effective business goals.
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