Take the following as truth: In general, to maximize operating profit, a manufacturer must know the factory's overall cycle time, work-in-process carrying costs, finished or hanging goods carrying costs, unit production costs, and unit selling price, as well as the Cv for each SKU of a given style.
Then the following statement: "Factory cycle times are important for manufacturers to know when maximizing operating profit." is true, false, or inconclusive?
Answer: False