Batch Flow Production Systems Have a Number of Characteristics

question 27

Multiple Choice

Batch flow production systems have a number of characteristics.Which of the following is typically NOT a characteristic of batch flow production systems?

• A) Low throughput volume.
• B) Greater ability to customize products or services.
• C) Throughput ratios (TR) commonly exceeding 70%.
• D) Lower investment in raw materials and finished goods inventory than an assembly line.

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Definitions:

International Trade

The exchange of goods, services, and capital between countries and territories.

Autarky

Autarky is an economic policy or situation in which a nation is self-sufficient and does not engage in international trade or relies minimally on external resources.

Producer Surplus

the difference between what producers are willing to accept for a good versus what they actually receive.

World Price

The global market price of a good or service, influenced by international supply and demand.