As Compared to Rigid Automation, the Benefits of Flexible Manufacturing

question 79

Multiple Choice

As compared to rigid automation, the benefits of flexible manufacturing systems include

• A)reduced labor requirements.
• B)higher efficiency.
• C)larger batch sizes.
• D)significantly lower fixed costs.
• E)significantly lower variable costs.

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Definitions:

Reverse Auction

In an e-marketplace, an online auction in which a buyer communicates a need for a product or service and would-be suppliers are invited to bid in competition with each other.

E-commerce Marketspaces

Digital platforms or environments where buyers and sellers engage in commerce, trading goods and services online.

Independent Trading Community

A group or platform that allows individuals to trade goods, services, or financial instruments directly without intermediaries.

E-marketplaces

Virtual platforms where buyers and sellers meet to exchange goods, services, or information.