Constraints and obstacles that make entering a market difficult. Examples of barriers to entry might be contracts held by existing market players that make it hard for new entrants to ‘break in’ to the market and gain economies of scale. Access to customers might be supplemented by problems getting access to raw materials, intellectual property such as trademarks, licenses or patents, as well as customer inertia and switching costs. See also Market Structure.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
