. may be defined as the ratio between output and input.

Related MCQs

• Production is the process by which raw materials and other inputs are converted in to .
• If all the processing equipment and machines are arranged according to the sequence of operations of a product the layout is known as
• Raw Materials and WIP can be classified under
• . A encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated