Threat of new entrants: In fact, the threat of new entrants is always
high when the restaurant industry is an open and easy industry.
Otherwise, in Finland, to make a new business especially a restaurant,
the owner has to prove quite many certificates, documents as well as a
good working-capital and the equity for their expense. Moreover, the
strict food safety rule is the most important thing before opening a
restaurant. Then the barrier to entry is quite rough with the new entrants
here.
Threat of new entrants: In fact, the threat of new entrants is alwayshigh when the restaurant industry is an open and easy industry.Otherwise, in Finland, to make a new business especially a restaurant,the owner has to prove quite many certificates, documents as well as agood working-capital and the equity for their expense. Moreover, thestrict food safety rule is the most important thing before opening arestaurant. Then the barrier to entry is quite rough with the new entrantshere.
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