Sunday, April 4, 2010

Exit Market, Stage Right.

So we were begining to discuss how firms enter and exit markets. This is seen all the time, particularly with companies leaving markets, especialy given our recent economic circumstances. When the money to be made in a market dries up, firms shut their doors. If I were running a business, I think the hardest part for me would be deciding if I should shut down for good, or if I should just hang in there and hope the market picks up soon. As far as entering markets goes, it seems like things like that fluctuate alot. One day it seems like theres money everywhere in the car department, the next day everyone wants in the electronics business. So I sort of think that the best approach would be to find a market that you know would be sustainable, and simply jump into it at a beneficial time.

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