Quotes About Entrant

When I was in my teenage years, I went to sign up as a cadet entrant to the police force but was at the very last moment rejected, just as I was about to sign my name on the dotted line. I won't get into why that happened, but it was a moment where it could've been predetermined then that I was off to become a policeman.

When an entrant competitor attacks the low end of any market, the rational reaction of the incumbent firms is to abandon rather than defend it - because the low end is the least profitable of their possible investments.