About the product v process layouts, which statement(s) is correct? 1. Process layout is more flexible, and therefore, it is only applicable to a service context.

2. Compared to a product layout, a process layout is located closer to "Project" in a product-process matrix.

3. Product layout is more efficient, and therefore, it is only applicable to a manufacturing context.

4. Compared to a process layout, a product layout is closer to a fixed-position layout in a product-process matrix.

5. None of the statements are correct

Note: You need to provide which statements are correct. It can be more than one.