Which One of the Following Statements on the Concept of Gaining

question 222

Multiple Choice

Which one of the following statements on the concept of gaining focus is best?

• A) Focused factories maximize the amount of customization.
• B) Small sizes of many focused factories make it difficult to compete on the basis of shorter lead times.
• C) Plants within plants are different operations within a facility that can have individualized competitive priorities and processes.
• D) Focused factories are large factories producing all the products that the company offers.

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Definitions:

Labor Demand Curve

A graphic representation showing the relationship between the quantity of labor demanded by employers and the wage rate.

Marginal Product Curve

A graphical representation that shows how the output of a product changes when the quantity of a single input is altered, while keeping all other inputs constant.

Price

The sum of money anticipated, needed, or handed over as a payment for an item.

Substitute Resource

A resource that can be used in place of another, especially in production, to accommodate changes in market demand or supply conditions.