[Solved] Which of the following terms is correctly described? A)Lean manufacturing allows a company to achieve efficient levels of high-volume,low-cost production. B)Synchronous manufacturing reduces flexibility in responding to customer demand. C)Agile manufacturing refers to manufacturing in multiple locations. D)Distributed manufacturing refers to using different teams in the manufacturing process to maintain objectivity. Joint Undertaking: A collaborative effort or venture between two or more parties where each shares in the responsibilities, resources, and risks. Naked Horizontal Restraints: Unjustified agreements between competitors at the same level of the market to restrict trade or manipulate market conditions, deemed anticompetitive and illegal under antitrust law. Restrain Competition: Actions or agreements that limit free trade and competition in a market. Monopoly Power: The exclusive control by one company over an entire industry or sector, allowing it to set prices and limit competition.