Improved Manufacturing Techniques at Dell Computers Paved the Way to Achieve

question 34

Multiple Choice

Improved manufacturing techniques at Dell Computers paved the way to achieve two goals simultaneously that were once thought to be incompatible.This is known as:

• A)lean and mean production.
• B)flexible and tight manufacturing.
• C)customised product in mass markets.
• D)low cost and differentiation.

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Definitions:

Marginal Revenue

The change in total revenue from an additional unit sold.

Marginal Cost

The cost of producing one additional unit of a good or service, important in decision-making processes about production levels.

Product of Labor

The goods or services generated as a result of work or employment, often measured to evaluate productivity.

Profit Maximization

The strategy a business uses to ascertain the pricing and amount of production that maximizes profitability.