Flexible Production Technology Is Sometimes Referred to as

question 37

Multiple Choice

Flexible production technology is sometimes referred to as

• A) just-in-time manufacturing.
• B) quick technology.
• C) lean production.
• D) stable production.
• E) unscheduled manufacturing.

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Definitions:

Reorganization

The process of restructuring a company's business or legal structures for efficiency, to recover from financial distress, or to better align with strategic goals.

Decreasing Expenses

The process of reducing the costs incurred by a business in order to increase profitability.

Workforce Reduction

A strategy employed by businesses to decrease their number of employees through layoffs, attrition, or retirement schemes to cut costs or improve efficiency.

Underutilized Assets

Resources or assets that are not being used to their full potential within a business or organization.