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When economists talk about a barrier to entry, they are referring to
Employee Selection
The process of interviewing, assessing, and choosing the right candidates for employment to fill available positions in an organization.
Interviewing
A method used by organizations to assess potential candidates for a job, often involving a series of questions to evaluate their qualifications and compatibility with the company culture.
Incentive-Pay Program
A compensation strategy designed to reward employees based on their performance or achievement of specific goals.
Profit-Sharing Plan
A plan in which employees receive additional compensation based on the profitability of the entire business.
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