In a Traditional Manufacturing Setup

question 40

Multiple Choice

In a traditional manufacturing setup

• A) there is significant move and wait time.
• B) organization is by function into departments.
• C) products are produced in large batches.
• D) all of these.

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Definitions:

Capital Goods

Goods that are used in producing other goods, rather than being bought by consumers directly, such as machinery, tools, and buildings used in production.

Economic Growth

An increase in a nation's production of goods and services, measured by its gross domestic product (GDP) over time.

Consumer Goods

Items produced for personal consumption by individuals and households.

Productivity Of Land

Productivity of land refers to the amount and value of output (crops, minerals, etc.) produced per unit area, indicating the efficiency of land use in agricultural and industrial production.