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Process Charts Bring Up the Possibility of Replacing Older,larger,and Slower

question 1

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Process charts bring up the possibility of replacing older,larger,and slower machines with newer,smaller ones having faster processing rates.If the proper machines are chosen to be replaced,this could decrease the size of the waiting lines,also called

Definitions:

Production Function

An economic model expressing the relationship between inputs (like labor, capital) used in production and the output of those production processes.

Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Product Innovation

The development of new or significantly improved goods or services to meet consumer needs or market demands.

Functionality

The range of operations that can be performed by a product, system, or service, especially according to user requirements and needs.