If entry barriers are low and the industry is populated by small firms,internal development may be the preferred mode of entry.But if entry barriers cannot be overcome readily,then the only feasible entry route may be through a(n):

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If entry barriers cannot be overcome readily, the only feasible entry route may be through the acquisition of a well-established company. This is because acquiring an established company can provide instant access to the market, established customer base, and established brand recognition. This is usually a faster and more certain way to enter the market than internal development or joint venture.

If Entry Barriers Are Low and the Industry Is Populated