Question

List six different types of barriers that may be found in some industries

Answer 1

List of barriers - 1) Technology - Sometime industry can't use technology protected by patent. If firm or industry want to develop new technology that may require huge expenditure on it.

2) Access to suppliers and distributors - Each and every industry need raw materials to create products. If one cannot get access to these sources this represents as a barrier. New industry may have no long term contracts with the important suppliers and it affect operations and functions of the industry.

3) Government regulations - Government may act as a barrier to the industry through restrictive licensing requirements. Some industry need permission on important approval from government.   

4) Lack of leadership training - Managers should be trained to deal with subordinate problems. Subordinate should be motivated about how to resolve problems.Efficient leadership leads to gain achievement about industrial targets.

5) Product Differentiation - Sometimes industry need to spend extra money to spread awareness about its specific products. Product differentiation can be gained by strong and recognition of industry.

6) Brand loyality - Consumers attachment to the existing product is the key point of brand loyality of industry. Tendency of consumers can be focused by industry and industry need to know what can be done for that. Otherwise it can be the worst barrier to industry.

There are other barriers too which affect the indusrty negatively. Geographical and communication barriers can not be neglected this point of view.