All of the Following Are True About a Quasi-Custom Product

question 19

Multiple Choice

All of the following are true about a quasi-custom product except

• A) gets its apparent customization from the combinations available from a small number of modules.
• B) is often the output of repetitive focus facilities.
• C) is a valid description of a fast food sandwich.
• D) is only possible when the focus strategy of service productivity improvement is in use.
• E) it obtains both the economic advantage of the continuous and the custom advantage of the low-volume, high-variety model.

Explain the role and impact of groups and teamwork within organizations for achieving organizational goals.

Distinguish between the purposes and functions of different types of organizations, including profit and non-profit entities.

Appreciate the necessity for organizations to adapt and innovate for survival and effectiveness.

Describe the process and significance of effective human resources management in organizations.

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Definitions:

Economies of Scale

Economies of scale occur when a company reduces costs per unit due to an increase in production, typically achieved through operational efficiency and larger volume production.

Constant Returns to Scale

A situation in production where increasing all inputs by a certain factor results in output increasing by the same factor, indicating proportionate scalability.

AP

Advance Placement; a program in the United States and Canada offering college-level curriculum and examinations to high school students.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.