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Test Your niche's barriers to entry
Agenda
QUESTION 1: WHAT ARE THE BARRIERS TO ENTRY IN A NICHE MARKET?
Opportunities for new entrepreneurs
Obstacles or difficulties faced by a new company or entrepreneur when entering a particular sector
Factors favoring established niche companies
None of the above
QUESTION 2: WHY IS IT ESSENTIAL TO ANALYZE AND UNDERSTAND THE BARRIERS TO ENTRY?
To assess the challenges and opportunities that may arise in undertaking the project
It is not necessary to analyze entry barriers
To avoid consolidated competitors
None of the above
QUESTION 3: WHAT DOES CUSTOMER LOYALTY TO ESTABLISHED BRANDS REPRESENT?
An arduous and costly process for new competitors
A smooth and non-rivalrous process for new competitors
A measure to increase the prices of products and services
None of the above
QUESTION 4: WHAT IS ONE OF THE MOST DIFFICULT BARRIERS TO OVERCOME IN THE MARKET?
Lack of brand recognition
Customer loyalty to established brands
The need for advanced technology
None of the above
QUESTION 5: WHAT CONSIDERATION SHOULD BE TAKEN INTO ACCOUNT REGARDING THE COMPETITION ESTABLISHED IN THE NICHE?
None of the above
Analyze consumer trends in other countries
To know the levels of contamination in the niche
Identify existing competitors in the niche
QUESTION 6: WHAT IS A SIGNIFICANT COMPETITIVE ADVANTAGE FOR ESTABLISHED COMPANIES IN A NICHE MARKET?
Lack of brand recognition
Economies of scale
Limited technology
None of the above
QUESTION 7: WHAT DOES THE CONCEPT OF ECONOMIES OF SCALE IMPLY IN THE NICHE?
Reduction of unit production costs
Increased production costs
Decrease in product demand
None of the above
QUESTION 8: WHY CAN FINANCIAL BARRIERS REPRESENT A CHALLENGE FOR ENTREPRENEURS?
None of the above
Because they allow us to offer more competitive prices
Because they favor established companies
Because they involve obstacles to establishing and operating a niche business
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