The Time Between Generating an Idea for a Product and Completing

question 44

Multiple Choice

The time between generating an idea for a product and completing a prototype that can be mass-manufactured is known as engineering lead time,or___________ .

• A)time to sell
• B)time to distribute
• C)time to produce
• D)time to market

---

Definitions:

Opportunity Cost

The cost involved when the second most advantageous option is not selected during decision-making.

Feasible Outcomes

Possible results or conclusions that can realistically be achieved in a given scenario or model.

Computerized Assembly Line

A production line in which computers control the assembly of products, enhancing efficiency, precision, and consistency.

Iron Ore

A natural resource that is mined and used primarily in the production of steel.