The Benefit of a Flexible Manufacturing System Is That

question 37

Multiple Choice

The benefit of a flexible manufacturing system is that:

• A)the lot size needed to manufacture a firm's product efficiently is reduced
• B)workers are no longer needed in the numbers required by standard manufacturing systems
• C)the technological advantage of the company is expanded
• D)a company is further enabled to shut down during periods of economic decline

---

Definitions:

Peanuts

A legume crop grown mainly for its edible seeds, which are high in protein, fat, and various healthy nutrients.

Firm's Willingness

Firm's willingness refers to a company's readiness or inclination to engage in certain activities, such as investing, producing, or changing pricing strategies, based on expected outcomes.

Producer Surplus

The difference between the market price for a good or service and the lowest price at which producers would still sell it.

Reports

Documents that present data, findings, and analysis on various subjects, often used in business and research to inform decisions.