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The Barriers to Entry Result from Three Sources

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The barriers to entry result from three sources. Explain in brief the three sources.


Definitions:

Late-Night Snack

A small portion of food typically consumed after the usual dinner time, often late in the evening or at night.

Frequency Marketing

Frequency marketing is a strategy that rewards customers based on the frequency of their purchases, aiming to increase customer loyalty by offering incentives for repeated business.

Usage Rate

The frequency with which a consumer uses a product or service over a specified period.

Target Audience

The target audience is the specific group of consumers identified by marketers as the most likely purchasers of a product or service, often defined by demographic characteristics.

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