Which of the Following Layouts Would Be Appropriate for a Manufacturer

question 162

Multiple Choice

Which of the following layouts would be appropriate for a manufacturer who needs to produce large numbers of a single product?

• A) product layout
• B) process layout
• C) fixed-position layout
• D) customer-oriented layout

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Definitions:

Zero-profit Equilibrium

A situation where firms in a perfectly competitive market earn just enough revenue to cover their total costs.

Consumer Preference

The inclination of consumers to favor certain products, brands, or services over others, influenced by tastes, values, and socio-economic factors.

Capital Inflow

The movement of funds into a country, typically in the form of investments, that can be used for further economic development.

Capital Outflow

The movement of assets out of a country, often in response to economic or political instability, seeking higher returns or safer investment climates elsewhere.