Describe the Differences Between Mass Production,flexible Production,and Customer-Driven Production

question 105

Essay

Describe the differences between mass production,flexible production,and customer-driven production.

---

Definitions:

Economic Well-being

A broad concept reflecting individuals' and communities' quality of life, including financial stability, employment, health, and education.

Underground Economy

Economic activities that are not reported to the government and therefore not taxed or included in official GDP calculations.

GDP

Gross Domestic Product; a measure of the economic performance of a country, quantifying the total value of all goods and services produced over a specific time period.

Transmission Replacement

The process of removing a vehicle's failed transmission and installing a new or refurbished one to restore proper function.