Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which approach is a cost - effective production strategy often utilized by global companies? Group of answer choices Lean manufacturing principles Mass production without customization

Which approach is a cost-effective production strategy often utilized by global companies?
Group of answer choices
Lean manufacturing principles
Mass production without customization
Single-market production focus
High inventory levels to meet unpredictable demand

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

THE Classroom Management Book

Authors: Harry K. Wong, Rosemary T. Wong, Sarah F. Jondahl, Oretha F. Ferguson

1st Edition

9780976423331

More Books

Students also viewed these General Management questions

Question

What is the purpose of the business combination valuation entries?

Answered: 1 week ago

Question

Cite the reasons employees join unions.

Answered: 1 week ago