Which of the Following Is an Advantage of the Postponement

question 80

Multiple Choice

Which of the following is an advantage of the postponement technique?

• A) reduction in automation
• B) early customization of the product
• C) better quality of the product
• D) reduction in training costs
• E) reduction in inventory investment

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Definitions:

Capital Goods

Items used in the production of other goods or services, such as machinery and equipment.

Production Possibility Frontier

A graph showing all the highest production outcomes for two or more products based on a certain amount of inputs (like resources and labor), illustrating the compromises in the production levels among various goods.

Resources Improvements

Enhancements or upgrades to the inputs used in the production process, including technology, labor skills, and machinery, leading to increased efficiency or productivity.

Technology Increase

Refers to advancements or improvements in technology that enhance productivity or efficiency.