c) Barriers

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5 Terms

1
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  • state the types of barriers to entry/exit


  • legal

  • structural

  • reputational

  • anti-competitive behaviour


2
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  • the types of legal barriers to entry/exit


  • patents

  • licences

  • copyrights


3
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  • the types of structural barriers to entry/exit


  • economies of scale

  • access to key suppliers

  • start-up costs + sunk costs


4
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  • the types of reputational barriers to entry/exit


  • branding

  • advertising

  • product quality


5
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  • the types of anti-competitive barriers to entry/exit


  • exclusive deals

  • predatory pricing

  • tying agreements