Which Process Structure Is Most Likely Used by a Company

question 12

Multiple Choice

Which process structure is most likely used by a company that makes plastic soda bottles?

• A)Cellular manufacturing
• B)Mass customization
• C)A service factory
• D)A continuous process

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Definitions:

Perfectly Competitive Firm

A company that operates in a market where there are many buyers and sellers, where it sells a homogeneous product and where there is free entry and exit from the market.

Marginal Cost

The bump in overall costs arising from the production of an additional product or service unit.

Profit Increase

A rise in the difference between a business's revenues and its expenses, indicating improved financial performance.

Perfectly Competitive Firm

A company that operates in a market where there are many sellers and buyers, the product is homogeneous, and there are no barriers to entry or exit.