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Discuss the role of investment bankers in the securities markets.
Product-oriented Layout
A layout where workstations and equipment are arranged based on the sequence of operations needed to produce a specific product efficiently.
Product-oriented Layout
A Product-oriented Layout organizes a production facility around the sequence of operations performed on a particular product line, optimizing efficiency for that product's manufacturing process.
Work Cells
Small, self-contained production units within a factory, designed to manufacture a specific product or component efficiently.
Direct Labour Cost
The cost associated with the work done by those directly involved in the manufacturing of products or the provision of services.
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