Vessels Used for Industrial Fermentation Reactions Are Known as Bioreactors

question 12

Essay

Vessels used for industrial fermentation reactions are known as bioreactors.Explain the difference between batch production and continuous flow production using a bioreactor.

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Definitions:

Financial Break-even Point

The level of earnings before interest and taxes (EBIT) where the company's total revenues equals its total expenses.

Real Option

A financial concept representing the choice a company has to undertake certain business decisions, like investment opportunities, waiting for more information before committing.

Option to Wait

The strategic choice to delay a decision or an investment to gather more information or wait for a more favorable market condition.

Option to Abandon

A business decision making tool that allows a company to cease an investment or project if it turns out to be financially nonviable, minimizing losses.