There Are Significant Technological Barriers to Entry That Help Make

question 2

True/False

There are significant technological barriers to entry that help make the automobile industry oligopolistic.

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Definitions:

Normal Time

The amount of time that should be required to complete a task under normal working conditions.

Performance Rating

A systematic evaluation of an individual's job performance or a product's effectiveness, often based on predefined criteria.

Visual Workplace

A work environment where information about processes and performance is made visible to employees through displays, charts, and signals to enhance understanding and efficiency.

Low-Cost Visual Devices

Tools and devices designed to visually signal information in the workplace in an efficient and cost-effective manner, often used in lean manufacturing.