In Which Type of Operations Are You Likely to See

question 14

Multiple Choice

In which type of operations are you likely to see, at most, only minor variations in the product or service being produced using the same process and the same equipment?

• A)a project
• B)a job shop
• C)repetitive production
• D)batch processing
• E)continuous production

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Definitions:

Repeated Game

A strategic scenario in which the same game is played multiple times, allowing players to adjust their strategies based on past outcomes.

New Products

Refers to items that have recently been introduced to the market or are in the development stage.

Internet-related Firms

Companies whose primary business activities, products, or services are based on the internet, including e-commerce, online services, and digital platforms.

Near-monopoly

A situation where a single company or entity dominates an industry or market, facing little to no competition but not having complete control.