A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)?

A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)? Correct Answer Entry barriers

A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as an Entry barriers.

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In response to challenges arisen by competitors and new entrants, strategy which must be considered by company does include
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