Factors That Make It Costly for an Organization to Enter

question 87

Multiple Choice

Factors that make it costly for an organization to enter an industry as a new competitor are known as:

• A)Economies of scale
• B)Barriers to entry
• C)Brand loyalty
• D)Economic forces
• E)Technological forces

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Definitions:

Average Lateness

A measure of the extent to which tasks or deliverables are completed beyond their scheduled completion times, on average.

Average Completion Time

The mean time taken to complete a set of tasks or activities.

Job Processing

A method of manufacturing where goods are produced in discrete jobs, not necessarily in large batches, allowing for customization and flexibility in production.

Flow Time

The total amount of time a product spends moving through a production process, from start to finish.