Laggards Are the Customers Who Are the First Ones to Try

question 45

True/False

Laggards are the customers who are the first ones to try and adopt a new technology.

---

Definitions:

Finished Products

Refer to goods that have completed all stages of production and are ready for sale or distribution to the end-user.

Production Efficiencies

The optimization of processes, resources, and equipment to maximize output while minimizing waste and costs in manufacturing.

Lean Production

A systematic method for waste minimization within a manufacturing system without sacrificing productivity.

Flexible Manufacturing

A production system capable of adjusting its operations and processes to adapt to changes or variances in product type and volume.