The Threat of New Entrants in an Industry Is High

question 61

Multiple Choice

The threat of new entrants in an industry is high when

• A) entry and exit costs are low.
• B) entry costs are high.
• C) distribution channels are few.
• D) entry and exit costs are high.
• E) few suppliers exist.

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Definitions:

Product-oriented Layouts

Product-oriented layouts are designs in manufacturing facilities where equipment and processes are arranged according to the sequence of operations for a particular product.

Work-in-process Inventories

Goods partially finished in the manufacturing process; this inventory is not ready for sale and is considered an asset on the balance sheet.

Empty Desk Problem

refers to the challenge organizations face when key employees are absent or positions are left vacant for a prolonged period, leading to operational inefficiencies and increased workload for remaining staff.

Hoteling Program

A workplace management strategy where employees do not have permanent desks but book space as needed, aiming to optimize office space and encourage flexibility.