Which term refers to the administrative processes that can cause delays in business operations?

The term that refers to the administrative processes causing delays in business operations is known as "Red Tape." This concept typically involves the extensive rules, regulations, and procedures that businesses must adhere to, often leading to inefficiencies and slowed progress. In various contexts, red tape is viewed as a hindrance because it can complicate and prolong decision-making and compliance processes.

Regulatory frameworks are important for guiding business operations, but they encompass a broader spectrum of laws that are not necessarily associated with delays. Market constraints refer to limitations within the marketplace that can affect business performance, such as competition or customer preferences, rather than administrative hurdles. Economic barriers generally address obstacles that affect market access or economic participation, which is different from the administrative delays indicated by red tape. This distinction highlights why red tape is specifically associated with delays in business operations.