Figure 2-12 -Refer to Figure 2-12.The Shift of the Production Possibilities Frontier

question 197

Multiple Choice

Figure 2-12
-Refer to Figure 2-12.The shift of the production possibilities frontier from A to B can best be described as

• A)a downturn in the economy.
• B)economic growth.
• C)an enhancement of equality.
• D)an improvement in the allocation of resources.

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Definitions:

Mass Customization

is a manufacturing technique that combines the flexibility and personalization of custom-made products with the low costs associated with mass production.

Process Analysis

The study of workflow within a business to identify its operational processes and improve efficiency and productivity.

Design Tools

Instruments and software used in the creation, planning, and modifying of products, buildings, and other items.

Build-to-order System

A manufacturing approach where products are assembled or constructed only after a customer's order is received, allowing for customization and reducing inventory costs.