A Type of Technology Characterized by the Production of a Large

question 110

Multiple Choice

A type of technology characterized by the production of a large volume of products with the same specification is called

• A) mass production.
• B) flexible manufacturing.
• C) continuous process production.
• D) small-batch production.
• E) unit production.

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Definitions:

Fixed Expenses

Costs that do not fluctuate with the level of production or sales, such as rent or salaries.

Annual Sales

The total revenue generated from goods or services sold by a company during a fiscal year.

Advertising Budget

The amount of money allocated by a company to spend on advertising campaigns over a specific period.

Selling Price

the amount of money charged to the customer for a product or service, determined by considering cost, market demand, and competition.