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单词 hit-and-run entry
释义 hit-and-run entry

Entry to a market in the expectation of making an immediate profit, possibly followed by withdrawal. This can only occur if the entrant does not incur sunk costs. If there are sunk costs entry will only be profitable if the entrant expects to stay in the market long enough to recoup them. Absence of sunk costs is probable only through economies of scope: firms with skills or facilities which can be put to a variety of uses can afford hit-and-run entry to a particular market.

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更新时间:2025/3/13 15:48:56