What induces a firm to enter an industry..
Dear student,
Better opportunities, increased market share, abnormal or high profits, low costs, cheap labour and first mover advantage are some factors that induce a firm to enter an industry.
Hope this clears your doubt.
Better opportunities, increased market share, abnormal or high profits, low costs, cheap labour and first mover advantage are some factors that induce a firm to enter an industry.
Hope this clears your doubt.