Production flexibility allows a firm to provide business customers with the just-in-time delivery service or rapid-response replenishment of inventories that they expect.

Question

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Production flexibility is the ability of a firm to adjust its production process quickly and efficiently in response to changes in demand or supply. This allows the firm to provide business customers with just-in-time delivery or rapid-response replenishment of inventories, which is an important requirement for many businesses in today's fast-paced and highly competitive market. Therefore, the statement is true.

Production Flexibility Allows a Firm to Provide Business Customers with the Just-In-Time