Which of the Following Allows Manufacturing Facilities to Rapidly and Efficiently

question 27

Multiple Choice

Which of the following allows manufacturing facilities to rapidly and efficiently change from making one product to making another?

• A)a just-in-time approach
• B)computer-integrated manufacturing
• C)a flexible manufacturing system
• D)a streamlined process

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Definitions:

Economies of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production expands.

Technological Advance

Progress in technology that improves efficiency and productivity, often leading to economic growth.

Labor Productivity

A measurement of economic performance that shows the amount of goods and services produced per labor hour.

Average Total Cost

The total cost of production divided by the total quantity produced, representing the average cost per unit.