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Match the Term with the Definition

question 25

Multiple Choice

Match the term with the definition.
-A kind of indentured servant; in this system, a captain agreed to provide passage to Philadelphia, where these individuals would obtain money to pay for their transportation, usually by selling themselves as a servant.


Definitions:

Job Order Production

A production system where products are manufactured based on specific orders rather than mass production.

Mass Production

The large-scale manufacturing of goods using standardized designs and assembly-line techniques to achieve greater efficiency.

Customized Production

A manufacturing process in which products are designed and produced to meet specific customer requirements.

Target Cost

A pricing strategy that involves determining the desired cost for a product in order to meet a specified profit margin by working backwards from a competitive market price.

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