Flexible manufacturing technologies allow companies to
A) mass-produce a standardized output at a low delivered cost.
B) avoid plant-level diseconomies of scale.
C) produce small batches of high-quality customized products at a high cost.
D) ride down the experience curve more rapidly than competitors.
E) produce small batches of customized products at a relatively low cost.

Question

Quizplus · Accepted Answer

Flexible manufacturing technologies are designed to allow companies to produce small batches of customized products at a relatively low cost. This is in contrast to traditional mass production methods, which are more suited for producing large volumes of standardized products at a low cost. Flexible manufacturing technologies enable companies to respond quickly to changing customer demands and preferences and to offer a wider variety of product options to their customers.

Flexible Manufacturing Technologies Allow Companies to