Flexible manufacturing technologies allow firms to manufacture products customized to various national markets at _____,without absorbing significant cost penalties.

Question

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When flexible manufacturing technologies are available,a firm can manufacture products customized to various national markets at a single factory sited at the optimal location.It can do this without absorbing a significant cost penalty.Thus,firms no longer need to establish manufacturing facilities in each major national market to provide products that satisfy specific consumer tastes and preferences,part of the rationale for a localization strategy.

Flexible Manufacturing Technologies Allow Firms to Manufacture Products Customized to Various