BARRIERS TO ENTRY Definition

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BARRIERS TO ENTRY are obstacles to the entry of new firms into a market. Barriers to entry may take various forms. They may be technical barriers, legal barriers or barriers that arise from strong branding of the product.

Learn new Accounting Terms

APPLICATION CONTROL is the programmed procedure in application software designed to ensure completeness and accuracy of information.

PROCUREMENT, from a business perspective, is the purchasing of services or materials.

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