Examlex
An assembly line consists of 158 tasks grouped into 32 workstations. The sum of all task times is 104 minutes. The largest assigned cycle time is 4 minutes. What is the efficiency of this line?
Consumer's Immediate Environment
The consumer's immediate environment encompasses the physical and social surroundings that influence the consumer's behavior, decisions, and experiences during the purchasing process.
Competition
The rivalry among businesses to attract customers and achieve market superiority by offering better goods, services, or prices.
Fellow Consumers
Other customers who purchase and use the same products or services, whose opinions and behaviors can influence individual buying decisions.
Business Environment
The combination of external and internal factors that influence a company's operating situation, including economic, legal, technological, and social aspects.
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