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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 991 |
Essay's paper body
They also have low switching costs. (Bowie & Buttle, 2004)
? Power of buyers is high because of low switching cost and large number of buyers.
1. Brand loyalty and chain hotels may have a dominant position in the market and make it more difficult for new entrants. (Mathews, 2000)
2...
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(Mathews, 2000)
2. Experience, expertise and training are highly desired to be successful in this market.
3. Starting a hospitality business in the UK is quite expensive in comparison to emerging markets as for example exchange rates for international companies. (Citywire, 2008)
4. The government has moved to abolish the Hotel Building Allowance and other tax concessions which deters new entrants...
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General points of the essay
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