_____ challenged the notion that the way to increase efficiency and drive down unit costs is to limit product variety and produce a standardized product in large volumes.

Question

Quizplus · Accepted Answer

Flexible manufacturing technology challenges the traditional idea of producing a standardized product in large volumes by allowing for the efficient production of a wider variety of products. It enables companies to switch production to different products or customize products according to specific customer needs and preferences, without incurring additional costs. This approach allows for greater flexibility and responsiveness to shifts in demand, rather than being limited to producing only a small selection of standardized products to achieve economies of scale.

_____ Challenged the Notion That the Way to Increase Efficiency