Locating Research and Development, Component Manufacturing, Assembly Operations, Marketing, and Other

question 10

True/False

Locating research and development, component manufacturing, assembly operations, marketing, and other associated businesses in one area can improve the supply chain, technology sharing, and information sharing.

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Definitions:

Mass Customisation

A business strategy that combines the efficiency of mass production with the ability to customize products to meet individual customer's needs.

Boutique Engineering

Specialized engineering services offered by smaller firms focusing on a niche market or particular area of expertise.

Sustainable Manufacturing

The creation of manufactured products through processes that minimize negative environmental impacts, conserve energy and natural resources.

Flexible Manufacturing

A production approach allowing for the quick adjustment of operations and products to respond to market changes or customer demands efficiently.