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Question about the Chapter 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Question about the Chapter 3

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • September 25, 2016 at 4:20 am #341611
    jessie1996
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Why isn’t the high know-how the barriers to entry?
    In my opinion, high know-how presents lots of entrants, but the answer said high know-how implies risk. I can’t quite understand this point. Could you please solve this question for me?
    Thx!

    September 25, 2016 at 8:19 am #341618
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10648
    • ☆☆☆☆☆

    High know-how is a barrier to entry. It implies risk (itself a barrier as things can go wrong, so puts people off) and can be expensive to acquire.

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