________Design Is a Manufacturing Activity That Refers to the Technology

question 63

Multiple Choice

________design is a manufacturing activity that refers to the technology selection and work design that is based on production volumes, financial resources, and labor cost.

• A) Process
• B) Product
• C) Facility
• D) Material

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Definitions:

Selling Price

The amount of money for which a product or service is sold to customers.

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit.

Markup Percent

The markup on the original cost of goods intended to cover running costs and generate profit.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.