Factors that make it difficult and costly for an organization to enter a particular task environment or industry are called barriers to entry.
Barriers to entry is an economics and business term describing factors that can save you or hinder newcomers into a marketplace or industry quarter, and so limit opposition. Those can include excessive start-up expenses, regulatory hurdles, or different obstacles that save you new competition from effortlessly getting into an enterprise region.
There are 4 primary forms of barriers to entry – legal (patents/licenses), technical (excessive begin-up prices/monopoly/technical know-how), strategic (predatory pricing/first mover), and brand loyalty.
Three types of barriers to entry exist in the marketplace today. these are natural boundaries to access, synthetic obstacles to access, and authorities boundaries to entry.
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