Some Industries Are Relatively Easy to Enter, but Automobile Manufacturing

question 211

Short Answer

Some industries are relatively easy to enter, but automobile manufacturing is not because
the market is saturated.
it is very capital-intensive.
it is a foreign market.
it is too labour intensive.
none of these are correct.

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Definitions:

Quality Cost Report

A report that details the costs associated with ensuring product or service quality, including prevention, appraisal, and failure costs.

Prevention Cost

Costs incurred to avoid producing defective products, including expenses related to quality training, equipment maintenance, and process improvement.

Quality Cost Report

A document summarizing the costs associated with preventing, detecting, and rectifying product defects, including the costs of quality control measures.

Manufacturing Cycle Efficiency

A metric that measures the ratio of productive manufacturing time to total cycle time, aiming to assess production efficiency.