A Flexible Manufacturing System Makes It Possible to Change Equipment

question 88

True/False

A flexible manufacturing system makes it possible to change equipment setups by programming manually controlled machines.

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Definitions:

Financial Advantage

A benefit or edge that gives superiority in financial terms or market position over competitors.

Materials Costs

The cost of raw materials and supplies used in the manufacturing of a product.

Processing Costs

Expenses directly associated with the transformation of raw materials into finished goods.

Sunk Cost

Costs that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.