The Material Preferred for the Fabrication of Fruit Juice Concentrator

question 15

Multiple Choice

The material preferred for the fabrication of fruit juice concentrator is

• A)Mild steel sheet
• B)Brass
• C)Cast iron
• D)Stainless steel sheet
• E)Copper

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Definitions:

Labor Hours

The total number of work hours contributed by employees in a given period, often used as a measure of production, efficiency, and labor cost.

Inventory Holding Cost

The total cost associated with storing unsold goods, including storage, insurance, taxes, depreciation, and opportunity costs.

Overall Market

The collective scope of buyers and sellers in a particular sector or industry, encompassing all potential transactions for goods or services.

Market Share

The share of a market dominated by a specific company or product, usually represented as a percentage.