Question

In the shipbuilding industry, Polish and Chinese shipyards offer simple, standard vessel types at low prices that reflect low production costs. This represents generic strategy related to:

Answer 1

In the shipbuilding industry, Polish and Chinese shipyards offer simple, standard vessel types at low prices that reflect low production costs. This represents a generic strategy related to cost focus.

What is shipbuilding?

• Building ships and other floating vessels is known as shipbuilding.
• Typically, a shipyard, a specialized location, is where it happens.
• Shipwrights, another name for shipbuilders, practice a specialized trade that dates back to times before written history.
• Naval engineering is the term used to describe both commercial and military shipbuilding and ship maintenance.
• Boat building is a related activity that involves making boats.

What is a shipyard?

• Ships are constructed and maintained in shipyards, sometimes known as dockyards.
• These could include yachts, military ships, cruise ships, or other types of passenger or freight ships.
• Compared to shipyards, which are sometimes more involved with the original construction, dockyards are sometimes more associated with maintenance and basing activities.
• Due to the frequent role changes and mergers that have occurred as dockyards and shipyards have developed, the terms are frequently used synonymously.

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