Life cycle of a product

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Question 1: Consider the life cycle of a product: (i) introduction, (ii) growth, (iii) maturity, and finally (iv) decline. What kind of process (job shop, batch process, or line flow) would be appropriate at each of these stages, and why?

Question 2: A market leader valve manufacturer, ValveCo, produces only a specific ball type valve and has established itself on the ability to supply in large quantities with a timely manner at competitively low prices. A firm approaches ValveCo to place orders of different valve types (such as butterfly, choke, gate, etc, type valves) at small quantities. Each different valve type requires valve- specific production technique, sequence, and tools. Do you think ValveCo should accept the offer? Justify your answer.

Reference no: EM132629504

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