Which Company Utilized Concurrent Engineering to Design a New Line

question 72

Multiple Choice

Which company utilized concurrent engineering to design a new line of cars and in the process completed its development six months ahead of schedule?

• A)General Motors
• B)Chrysler
• C)Ford
• D)Nissan
• E)Toyota

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Definitions:

Fixed Resource

A resource or asset in production whose quantity cannot easily be increased or decreased in the short term.

Short Run

in economics, refers to a period during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period of time in economics where all factors of production and costs are variable, allowing for complete adjustment to changes in market conditions.

Fixed Resource

An asset or input whose quantity cannot be altered in the short run for the production of goods and services.