Which of the Following Is the Rationale Behind the Development

question 81

Multiple Choice

Which of the following is the rationale behind the development of flexible manufacturing techniques?

• A) Efficiency will increase with increase in the setup time for complex production.
• B) Efficiency will improve with increase in setup costs.
• C) Actual production time will reduce with decrease in setup time.
• D) Increase in setup time will increase the actual production time.
• E) Efficiency will increase with increase in the actual production time.

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Definitions:

Equilibrium Market Price

The cost level where the amount of products offered matches the amount of products sought after in a marketplace.

Downward Pressure

A force or condition that causes prices or values to decrease or decline in a market.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that producers are willing to sell.

Battery Packs

Devices composed of multiple batteries or cells configured together to provide the required voltage, current, and energy density for electronic devices.