Asked by Danielle Szajdek on Jun 23, 2024

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Which of the following phrases best describes product focus?

A) low volume, high variety
B) Finished goods are usually made to order.
C) Processes are designed to perform a wide variety of activities.
D) high fixed costs, low variable costs
E) Raw material inventories are high relative to the value of the product.

Product Focus

A strategic approach that centers on developing and marketing a specific product or product line.

High Fixed Costs

Costs that remain constant regardless of the level of production or sales in a business, such as rent, salaries, or equipment leases.

Low Variable Costs

A situation where costs that vary with the level of production or service delivery are kept minimal.

  • Highlight the distinctions between product-focused, process-focused, and repetitive production techniques.
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Vignesh NarayananJun 23, 2024
Final Answer :
D
Explanation :
Product focus is characterized by high fixed costs due to specialized equipment and facilities, and low variable costs because the products are typically standardized and produced in large volumes.