In A(n)_____ Layout,high-Volume Goods Are Produced Efficiently by People,equipment,or Departments

question 30

Multiple Choice

In a(n) _____ layout,high-volume goods are produced efficiently by people,equipment,or departments arranged in a series of workstations at which previously made parts are assembled.

• A)product
• B)assembly-line
• C)product-line
• D)manufacturing

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Definitions:

Price Range

The spectrum of prices at which a particular good or service is sold, varying from the lowest to the highest amounts customers are asked to pay.

Inelastic Demand

A situation where the demand for a product does not significantly change in response to changes in its price.

Business Travel

The act of traveling for the purpose of conducting business-related activities.

Price Elasticity

Indicates the responsiveness of the quantity demanded or supplied of a good to a change in its price.