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Processes that can produce a range of products are said to have:
A) economies of scale.
B) economies of scope.
C) routing flexibility.
D) work centers.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Economies of Scope
Cost advantages that enterprises obtain due to a broad range of products rather than specializing in a single product or service, enabling more efficient use of shared resources.
Routing Flexibility
The ability to adjust and optimize the paths that products take from origin to destination in response to changing conditions or requirements.
- Gain insight into the principles of production and machine flexibility.
- Outline various strategies and processes applicable in manufacturing.
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Learning Objectives
- Gain insight into the principles of production and machine flexibility.
- Outline various strategies and processes applicable in manufacturing.
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