Describe Flexible Manufacturing and Mass Customization as Important Factors in Location

question 63

Essay

Describe flexible manufacturing and mass customization as important factors in location decisions.

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Definitions:

Doodads

A colloquial term often used to refer to non-specific or miscellaneous items, gadgets, or parts without particular naming.

Comparative Advantage

The economic theory that a country should specialize in producing and exporting goods in which it has a lower opportunity cost compared to other countries.

Geegaws

Fancy but ultimately useless objects, often decorative and lacking in practical utility.

Doodads

Informal term for gadgets or small items whose name is either unknown or forgotten.