One Benefit of a Flexible Manufacturing System Is That

question 112

Multiple Choice

One benefit of a flexible manufacturing system is that:

• A) the lot size needed to manufacture a firm's product efficiently is reduced.
• B) the necessary skill levels of workers are reduced, allowing the firm to reduce costs.
• C) it lends itself to empowerment of employees.
• D) it captures the cost savings of economies of scale.

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Definitions:

B2B Markets

Business-to-Business markets where transactions are conducted between companies rather than between companies and individual consumers.

Modified Rebuy

is a buying situation where an organization makes some changes to their regular purchase specifications or suppliers, requiring some review but not starting from scratch.

Current Vendors

Businesses or suppliers currently providing products or services to a company.

Straight Rebuy

A routine purchase of the same goods or services without modification, typically done by businesses in established relationships with suppliers.