ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process of creating large numbers of similar products effectively.
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When each worker specializes in all tasks needed to create a product.
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When a product is produced by only one person.
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None of the above
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Detailed explanation-1: -What Is Mass Production? Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology. Mass production facilitates the efficient production of a large number of similar products.
Detailed explanation-2: -Mass production is the industrial technique to produce large quantities of similar products in constant flows on production lines. The strategy focuses on low-cost production by using standardized and repetitive processes to manufacture the same line of products.
Detailed explanation-3: -Mass production methods are based on two general principles: (1) the division and specialization of human labour and (2) the use of tools, machinery, and other equipment, usually automated, in the production of standard, interchangeable parts and products.
Detailed explanation-4: -Mass manufacturing is characterized by very high production rates and low variety or flexibility.
Detailed explanation-5: -Batch production is commonly used to produce several hundred products at a time. In addition to cookies or muffins, think books and Blu-ray discs. Mass production is often used to produce a larger number of larger-sized products at a time. As a result, large-scale machinery is necessary.