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:

Stable Output

The consistent production level of goods or services over a period, unaffected by fluctuations in demand.

Varying Volume

Fluctuations in the quantity of products or services produced or sold over a specific period, often influenced by market demand, seasonality, or production capacity.

Pricing Decisions

The process of determining the price at which a company will sell its products or services.

Marketing And Sales

The combined processes focused on creating awareness about products or services, attracting potential customers, and converting interest into purchases.