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Scope to raise entry prices is limited by competition.
The first step must be to raise entry standards for all teachers, primary and secondary.
One of the major objectives of most low-pricing policies in the pioneering stages of market development is to raise entry barriers to prospective competitors.
Should our world-class universities be allowed to operate like football clubs and raise entry fees in order to pay the higher wages it takes to attract the Beckhams of the academic establishment?
Manufacturers must decide between a high initial price which takes advantage of inelastic demand and helps bear the burden of financing and a low initial price which can penetrate mass markets early and raise entry barriers to competitors.
In 1986, the N.C.A.A. began to raise entry standards for freshman athletes (they needed a 2.0 average in their high school core curriculum and a combined math and verbal score of at least 700 in Scholastic Assessment Tests -- which is about 200 points below the national average, yet certainly not off the charts.
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It is crucial that quality is never compromised and we believe these proposed changes can raise entry-level requirements, simplify qualifications and ensure the profession commands greater respect.
Several Chicago firms recently raised the salary for first-year associates to $135,000, according to an article from Law.com, and the Austin Business Journal reports that various Texas law firms have been leapfrogging each other in the race to raise entry-level pay.
The N.C.A.A. raised entry standards for freshmen athletes in two stages.
It appears that raising entry standards has led to an increase in graduation rates for Division I college athletes.
Graduation data published this week by the National Collegiate Athletic Association confirm yet again that raising entry standards was a good idea.
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