When a customized product is manufactured separately, it is referred to as Job order production.
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Job Order Production</h3>
- Manufacturing bespoke or distinctive goods for specific clients is known as job order production.
- Because every order or job is a customized order submitted by the customer, job order production is also sometimes referred to as job order manufacturing or bespoke production. Frequently, only one copy of a custom job is made.
- Custom products made in bulk are the focus of many producers. Customers bring designs or products in mind for custom products, which the manufacturer develops and produces.
- Print shops and studios are excellent examples of custom manufacturers. With a design for 100 graduation invitations, a consumer might go to his neighborhood print shop.
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I believe that it is D, or the last choice.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
A) The GDP deflator is better than the CPI at reflecting the goods and services bought by consumers.
Explanation:
The GDP deflator measures the change in prices of all finished goods and services produced within an economy in a given year.
The CPI, on the other hand, measures the change in the price of a selected basket of goods and services, that corresponds with those that are most often bought by citizens, but is limited anyways in scope.
Therefore, we can safely conclude that the GDP deflator is a more comprehensive measure, even if it's used less frequently than the CPI.