The Otero Manufacturing Company Collected the Following Information (In Days)

question 92

Multiple Choice

The Otero Manufacturing Company collected the following information (in days) :
$$\begin{array} { | l | r | } \hline & \text { April } \\\hline \text { Transporting product } & 2.0 \\\hline \text { Processing product } & 14.0 \\\hline \text { Inspecting product } & 0.5 \\\hline \text { Storing product } & 6.0 \\\hline\end{array}$$
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What is the manufacturing cycle efficiency?

• A) 87.5%.
• B) 63.6%.
• C) 62.2%.
• D) 42.9%.

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Definitions:

Line of Credit

A credit facility extended by a bank or financial institution to a government, business, or individual, allowing them to borrow up to a predetermined limit.

Price Lining

A pricing strategy where products are sold at a limited number of price points, each representing a different level of quality or features.

Prestige Pricing

A pricing strategy where prices are set higher than normal because the product or service is perceived to be more prestigious or luxurious.

Odd Pricing

A pricing strategy where goods are priced slightly below a round number, such as $1.99 instead of $2.00, to make the price seem lower to consumers.