High volume production with low variety is characteristic of which manufacturing facility layout?

The correct choice is product layout because this type of layout is specifically designed for high volume production of a single product or a limited range of similar products. In a product layout, the equipment and workstations are arranged in a sequential manner according to the production process. This allows for efficient workflow and minimizes transportation time, which is advantageous when producing large quantities of standardized items.

In a product layout, the emphasis is placed on maximizing efficiency by streamlining the manufacturing process, thus reducing cycle time and minimizing work-in-progress inventory. This arrangement is ideal for environments where the production volume is high and the product variety is low, allowing organizations to achieve economies of scale.

Other layouts, such as process layout, are suited for low volume and high variety production, meaning they would be less effective in environments characterized by high volume and low variety. Repetitive layouts may seem similar but typically indicate a setup that allows for some product variety, while pilot layouts are often used for experimentation and development rather than mass production.