_____ Is a Process of Market Competition Through Which Unique

question 12

Multiple Choice

_____ is a process of market competition through which unique products that command high prices and high margins gradually lose their ability to do so,thus becoming commodities.

• A) Commodification
• B) Singularization
• C) Commoditization
• D) Redistribution

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Definitions:

Robotics

The branch of technology that deals with the design, construction, operation, and application of robots.

Manufacturing Technology

encompasses the machinery, equipment, and software used in the production of goods.

Cellular Layouts

An arrangement of resources in manufacturing to improve efficiency and communication by grouping different machines based on the sequence of operations.

Coordination

The arrangement of various components of a sophisticated entity or operation in a way that allows them to function in unison efficiently.