Mass Production Means Doing More with Fewer Workers,less Inventory,and Less

question 57

True/False

Mass production means doing more with fewer workers,less inventory,and less space.

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Definitions:

Supply And Demand

The fundamental economic model that determines the price of goods and services in a market, based on the quantity available (supply) and the desire for them (demand).

MRP

Material Requirements Planning is a system for calculating the materials and components needed to manufacture a product.

Productivity

The measure of how efficiently inputs are converted into outputs in a production process.

Residential Use

Pertains to property or resources utilized for dwelling purposes, including houses and apartments designed for people to live in.