Answer (C) is correct . A buffer in the context of process analysis is a quantity of work-in-process inventory that allows some stage(s) of the overall process to continue operating when an earlier stage breaks down.
Answer (A) is incorrect because Make-to-stock is a type of process, exemplified by automobile assembly. Answer (B) is incorrect because Make-to-order is a type of process, exemplified by deli sandwich making. Answer (D) is incorrect because A hybrid process is one in which both continuous and batch processes are used.
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