Using Concurrent Engineering,Chrysler Corporation Was Able to Reduce Its Product

question 99

True/False

Using concurrent engineering,Chrysler Corporation was able to reduce its product development cycle from 60 to 36 months.

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Definitions:

Total Product

The overall quantity of output produced by a firm from a given amount of inputs within a certain period.

Quality Tools

Instruments or techniques used to enhance product or service quality through problem-solving, process analysis, and improvement strategies.

Short Run

The short run in economics is a time period during which at least one input, such as plant size, is fixed and cannot be changed by the firm.

Fixed Plant Capacity

The maximum output level that a plant can achieve with the current facilities and resources over a specific period.