Examlex
A survey conducted by a local real estate agency asked respondents to indicate whether they preferred natural gas, electric, or oil furnaces for heating their home. The data collected for this variable would be of ordinal level.
Machine-Hours
A measure of production output, quantified by the number of hours machines are operated in the manufacturing process.
Molding
The process of manufacturing by shaping liquid or pliable raw material using a rigid frame called a mold or matrix.
Customizing
The process of modifying or tailoring products or services to fit specific requirements or preferences of a consumer.
Manufacturing Cost
The total cost incurred by a company to produce goods, including labor, material, and overhead costs.
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