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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 12 / 3151 | 
                
    
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Those strategies used to against competitive environment will be illustrated in following sections.
Low Threat of Entry
Economies of scale, Learning Curve and Experience Curve
As new entrants may bring new capacity to the industry, a desire to gain market share and substantial resources, these may bring threat to an existed company...
        
        
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New entrants need to spend huge costs in purchasing and setting up machinery for running production, huge costs in advertising and R&D. With McDonaldâs 52 years of well-found learning curve, new entrants have less advantage in handling costs spent. For the hamburger fast-food industry, a new comersâ experience curve is low which would refers to high systematic unit cost...
        
        
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            General points of the essay
            
                                    1. Analyze the five forces acting on BP. Which of them appear to bring the greatest threat to the company?
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