Product Management
-Companies standardize components in product lines to

Question

Quizplus · Accepted Answer

Companies standardize components in product lines to reduce inventory and manufacturing costs. Car companies, for example, use many of the same parts in a number of product lines. Similarly, food companies will use many of the same stabilizing, flavoring, and color components in their product lines. This method reduces manufacturing costs as well as inventory costs and is a clear benefit when introducing and maintaining product lines.

Product Management -Companies Standardize Components in Product Lines to