The ease of adjusting resources in response to changes in demand defines a firm's
A)vertical integration.
B)process flexibility.
C)customer involvement.
D)capital intensity.

Question

Quizplus · Accepted Answer

Process flexibility refers to a firm's ability to adjust its resources and processes in response to changes in demand, which can include adding or removing equipment, changing production schedules, and altering staffing levels. This flexibility allows firms to better meet customer needs and stay competitive in dynamic markets. The other choices do not specifically relate to a firm's ability to adjust resources in response to demand.

The Ease of Adjusting Resources in Response to Changes in Demand