This allows the company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

Question

Quizplus · Accepted Answer

The concept described in the statement, of producing a wider variety of products at a unit cost that was once only achievable through mass production, aligns with the principles of Lean production. Lean production focuses on minimizing waste and maximizing efficiency to increase productivity and enable a company to produce a variety of goods without sacrificing quality or increasing costs. Kaizen, Six Sigma, and TQM are also methodologies aimed at improving production processes, but they do not specifically address the goal of producing a wider range of products at lower costs.

This Allows the Company to Produce a Wider Variety of End