________ Is a Type of Technology That Centers on Large-Batch

question 23

Multiple Choice

________ is a type of technology that centers on large-batch production and requires moderate levels of complexity and sophistication.

• A) Unit production
• B) Mass production
• C) Process production
• D) Service production

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit, leading to perfect information and prices that reflect supply and demand.

Spices

Aromatic or pungent plant parts, such as seeds, berries, bark, roots, or leaves, used to flavor or color food.

Fast-Food Restaurants

Eateries offering quick service and a range of foods that are prepared and served rapidly.

Competition Levels

Refers to the categorization of businesses or products based on their market share, size, or competitive intensity within an industry.