Options that offer a firm the ability to adapt to changes in inputs,outputs and maintaining excess production capacity are known as:

Question

Quizplus · Accepted Answer

Flexibility options refer to the ability of a firm to adapt to changes in inputs or outputs and maintaining excess production capacity. They include options such as the ability to delay investment or to switch production to different products or markets. Therefore, the best choice for this question is D - flexibility options.

Options That Offer a Firm the Ability to Adapt to Changes