________ refers to a situation in which facilities are spread over several locations,with one facility for each national business environment in which the company markets its products.
A) Continuous production
B) Decentralized production
C) Vertical integration
D) Lean production

Question

Quizplus · Accepted Answer

Decentralized production refers to a situation where facilities are spread over several locations, with one facility for each national business environment in which the company markets its products. This approach allows companies to be closer to their customers and adapt to local market conditions. In contrast, centralized production focuses on producing goods in one location for distribution to multiple markets. Options A, C, and D are not relevant to this scenario.

________ Refers to a Situation in Which Facilities Are Spread