The Two Characteristics on Which the Product-Process Matrix Is Based

question 4

Multiple Choice

The two characteristics on which the product-process matrix is based are

• A)demand volume and product standardization
• B)demand stability and worker skills
• C)product customization and process speed
• D)product quality and process cost

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Definitions:

Indigenous Production

The process of manufacturing goods within a particular region or territory using local resources and labor.

Service Economy

An economic phase in which the service sector generates more wealth than the manufacturing sector of the economy, characterized by a high volume of services relative to goods.