Vendor knowledge and vendor relationships serve as a barrier to entry for new competitors.

Name: Vendor knowledge and vendor relationships serve as a barrier to entry for new competitors.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Vendor knowledge and relationships require time and resources to establish and maintain, which can make it difficult for new competitors to compete on the same level. These relationships can also result in exclusive contracts or preferential treatment, further limiting the entry of new competitors.

Vendor Knowledge and Vendor Relationships Serve as a Barrier to Entry