QUESTION 3 You are debating between producing all six products to benefit from product variety and producing only one product to take advantage of economies of scale. Which of the following arguments should you NOT include in your consideration? Large production orders may cause long waiting time for other products Switching between product lines requires long setup times in production O A large batch ssize increases unit costs A variety of products decrease capacity utilization QUESTION 4 Your team decides to invest to improve setup time, and you expect the following to happen right after the technology investment takes effect. Product quality will be better O Purchasing and procurement costs will be lower O Production cost will be lower Time required when switching product lines will become shorter QUESTION 5 When pricing your products, it is recommended that you calculate your productivity first. What is the purpose of understanding your productivity in pricing decisions O Productivity implies variable costs O Productivity captures the allocation of production fixed costs O Productivity can be used to improve forecast accuracy O Productivity reflects demand and supply