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FIA BT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › FIA BT

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Ken Garrett.
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  • June 1, 2022 at 6:47 am #657030
    sohaib.ahmad
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    why is high know-how a potential barrier for entry?

    June 1, 2022 at 11:19 am #657058
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10590
    • ☆☆☆☆☆

    Because it is probably difficult to acquire the knowledge/know-how.

    For example. if you wanted to establish a new airline you need to be able to acquire information about:

    Different aircraft
    Potential passenger numbers on each route you are considering
    Competitors’ fares
    Laws in every country you fly to
    Regulations governing flight crew
    How to take bookings
    How to maintain aircraft
    etc
    etc.

    It can be done but it takes a lot of effort.

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