Solved: Possibility to set up a business and become profitable, Strategic Management

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Possibility to set up a business and become profitable

Problem:

In today's competitive market, it becomes difficult for firms to enter and be profitable. It has been established that with established barriers to entry a firm might have the possibility to set up a business and become profitable.

Describe 4 barriers to entry and explain how they can help a firm get the competitive edge.

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Strategic Management: Possibility to set up a business and become profitable

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