Question: 3 . Porter 1 9 9 6 identifies a number of competitive forces which will influence the state of competition in an industry, and which

3. Porter 1996 identifies a number of competitive forces which will influence the state of competition in an
industry, and which will determine the profit potential of the industry as a whole. One of these forces
is barriers to entry. Explain FOUR of the barriers to entry. [20]
1. Exporting
2. Joint Venturing
3. Licensee
4. Direct investment

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