Entry into a market is difficult when strong product differentiation exists among current players.

Name: Entry into a market is difficult when strong product differentiation exists among current players.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When there is strong product differentiation among current players, it can be difficult for a new entrant to differentiate its product and attract customers away from established brands. This can make entry into the market challenging.

Entry into a Market Is Difficult When Strong Product Differentiation