The Practice of "Producing a Little Bit of Everything,everyday" Attained

question 67

Short Answer

The practice of "producing a little bit of everything,everyday" attained by making setup times short is known as ________.

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Definitions:

Raw Material

The basic material from which products are made, not yet subjected to any processing or manufacturing.

Material R

A specified type of raw material used in the production of goods, referred to as "Material R" for distinction purposes.

Fixed Expenses

Costs that do not change with the level of output or sales and remain constant over a period, such as rent or salaries.

Discontinuing Product

The process of ceasing the manufacture, sale, and support of a product line or brand.