In Line-Balancing, Takt Time Is the Time

question 54

Multiple Choice

In line-balancing, takt time is the time:

• A)Needed to change-over a process between different types of products
• B)It takes a product to go through the entire process
• C)That is the maximum allowable at each workstation based on customer demand
• D)Required for the entire product fulfillment process

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Definitions:

Market Share

Market share is the percentage of an industry's total sales that is earned by a particular company over a specified time period, reflecting the company's size and competitiveness in the market.

Price Reduction

The act of lowering the price of products or services to attract more customers or sell off excess inventory.

Online Movie Streaming

The practice of delivering movies over the Internet, allowing users to watch content without downloading it.

Target Return Profit

A pricing strategy where the price is set to achieve a desired return-on-investment (ROI) or specific profit goal above the cost of the product or service.