The Term _____ Refers to the Ability of Companies to Use

question 67

Multiple Choice

The term _____ refers to the ability of companies to use flexible manufacturing technology to reconcile two goals that were once thought to be incompatible-low cost and product customization.

• A)rapid manufacturing
• B)product management
• C)overengineering
• D)mass customization

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Definitions:

Income Influence

The impact of an individual's or household's income level on their opportunities, lifestyle, and choices.

Social Capital

Refers to the networks or connections that individuals possess.

Network Capital

The valuable resources a person can access through their social networks, including support, information, and opportunities.

Gini Coefficient

A measure of statistical dispersion intended to represent the income inequality or wealth inequality within a nation or any other group of people.