Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hey Joseph, I enjoyed how you took this weeks discussion post and approached it. Production is the key factor that we are observing here and
Hey Joseph, I enjoyed how you took this weeks discussion post and approached it. Production is the key factor that we are observing here and overproduction can result in maximum output, this could be costly to the company as well as underproduction being under the demand of the market. So a company most understand the economics of the market to achieve optimal output. Honda is capable to achieve this with flexible plants with producing different models in the same plant without changing equipment or retraining. Did you notice anything with other auto companies and their ability to achieve optimal output ion the U.S. with rising prices
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started