asked 82.8k views
4 votes
Potential competitors may enter an industry and begin to take market share from existing companies. What would be one of the largest challenges a new entrant would need to overcome to be successful when entering an industry?

asked
User Krosan
by
8.2k points

1 Answer

3 votes

Answer: getting a foot hold in sales

Step-by-step explanation:

because you need to have good reviews fast. most stores or restaurants fail with in 2-4 months because the patrons don't like the something whether its the food, service or what ever. that's why lots of new store and resturants fail so fast.

answered
User Kyranjamie
by
7.4k points
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