Flexible Manufacturing Systems Bring the Benefits of Automation to Continuous

question 120

True/False

Flexible manufacturing systems bring the benefits of automation to continuous processes.

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Definitions:

Financial Advantage

The benefit obtained from making specific financial decisions or investments, often measured in terms of profit, savings, or a more favorable financial position.

Variable Costs

Expenses that change in proportion to the business activity level.

Financial Advantage

The benefit gained in financial terms, likely leading to improved profitability or reduced expenses.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, indicating how much revenue is contributing to fixed expenses and profit.