market exit

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market exit

the exit from a MARKET of an established supplier. Market exit constitutes a major BUSINESS STRATEGY decision, reflecting a strategic initiative on the part of a firm to reshape its product/market positioning. Such exit occurs largely in response to a sustained LOSS-making situation or poor PROFIT rate or low perceived growth potential. Successful exit requires the firm to overcome any BARRIERS TO EXIT. See DIVESTMENT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

market exit



the withdrawal from a MARKET of a firm or firms. In the THEORY OF MARKETS, a firm will leave a market if it is unable to earn a NORMAL PROFIT in the long run. Firm exit plays an important role in removing EXCESS CAPACITY and reducing total market supply.

Because of various BARRIERS TO EXIT, however, firms may be slow to leave a market even when faced by persistently adversetrading conditions. See alsoLOSS, AVERAGE COST ( SHORT RUN), CONTRIBUTION.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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The conclusions invite the member states to raise the effective retirement age and labour market exit age by restricting early retirement schemes and adapting pension entitlement to life expectancy.
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While the responses of national governments, which are discussed in each chapter, show variability, there is unequivocally an upswing in efforts to curtail early labour market exit and to extend paid working lives, what the authors refer to as the move from early retirement towards 'active ageing.'