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Problems that confront businesses that enter a market after other businesses are already in place are called

Sagot :

Barriers to entry are problems that confront businesses that enter a

market after other businesses are already in place.

What is Barrier to entry?

These are referred to the various challenges in which businesses undergo

as a result of being new and inexperienced in a certain type of market.

Most of the challenges faced by them include trying to source for their own

customers.

Thi9s is usually considered by businesses so as to ensure that they make

good sales and profit to keep it afloat.

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