Mass Production is characterized by which of the following?

Mass production is defined by its ability to produce large quantities of goods quickly and efficiently. This method often involves utilizing specialized machinery and assembly line techniques, which allows for rapid production cycles. The mention of "significant startup costs" is also relevant because setting up a mass production system typically requires a considerable investment in machinery, tools, and infrastructure.

While rapid production is a hallmark of mass production, the initial setup can involve complex planning and resources to ensure that the system operates smoothly and can meet the demands of large-scale manufacturing. This contrasts with approaches that emphasize low output, customization, or artisanal techniques, which generally do not require such high levels of capital investment up front. Hence, the focus on mass production centers around achieving efficiency and volume while managing the significant factors of startup expenses and production speed.