With reference to the types of production technologies identified by Joan Woodward, which of the following technologies, when operated at full capacity, has the lowest production costs?
A) sequential-process
B) small-batch
C) continuous-process
D) mass production

Question

Quizplus · Accepted Answer

According to Joan Woodward, continuous-process technology has the lowest production costs when operated at full capacity. This is because it involves a highly automated and standardized process, which reduces the need for specialized skills and minimizes production downtime. Mass production technology also benefits from economies of scale, but not to the same extent as continuous-process technology. Sequential-process and small-batch technologies, on the other hand, require more specialized skills and have higher setup costs, leading to higher production costs.

With Reference to the Types of Production Technologies Identified by Joan