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There are four steps in product design: 1.Idea Development, 2.Product Screening, 3. Preliminary Design and testing, and 4.Final Design. Break-even analysis is a technique used to compute the amount of goods we would have to sell just to cover our cost. Production Processes can be divided into two broad categories: intermittent and continuous operations. Intermittent operations are used when products with different characteristics are being produced in smaller volumes. Continuous operations are used when one or a few similar products are produced in high volumes. Intermittent operations provide great flexibility but have a high material handling costs and challenges scheduling resources...
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