barriers to entry
What barriers to entry means in Business A-Level, as defined for AQA.
Definitions of barriers to entry
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Reference: AQA
Factors that resist the threat of new entrants to an industry, such as patents or economies of scale.
Compliance cost can raise these and protect an established firm from new competitors.
Topics that use barriers to entry
- Analysing the external environment to assess opportunities and threats: political and legal change (AQA A-Level)
- Analysing the external environment to assess opportunities and threats: the competitive environment (AQA A-Level)
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Using barriers to entry in the exam
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