In addition, the business has high barriers to entry. It takes time to build a good name; luxury is capital intensive; and about 70% of new brands fail.

此外，奢侈品行业入门槛颇高，并需要高度密集的资金；同时树立品牌耗时长，约70%的新品牌以失败告终。

youdao

These businesses require lots of technology, they have high barriers to entry, and they are capital-intensive.

这些生意要求很高的技术，准入门槛也高，而且是资金密集型行业。

youdao

On the contrary, if there are high barriers to entry and low contestability, incumbents will always abuse their market power and incur some kinds of efficiency losses.

如果市场进入壁垒很高，市场可竞争程度很低，在位厂商可以免受竞争的压力，因而往往滥用市场势力，造成种种效率损失。

youdao

They prefer companies with unique ideas or niches that can be patented, or businesses with high barriers of entry.

FORBES: The next level

Further, the complexity of wafermaking and a constrained supply of silicon provide high barriers of entry to potential competitors.

FORBES: In The Sunshine

Daily deals once excited Wall Street because of their high margins, but low barriers to entry invited a raft of competition from related businesses, which forced a re-rating of Groupon and the industry as a whole.

FORBES: Groupon: A Train Wreck in Public Sight