What is related to the level of output at which most plant-level scale economies are exhausted?
Minimum efficient scale
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15
Flexible manufacturing technology is also called as
Lean production
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15
The adoption of '__________ ____________ ___________________' may actually increase efficiency and lower unit costs relative to what can be achieved by the mass production of a standardised output.
flexible manufacturing technologies
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15
What is the tool that most managers now use to increase the reliability of their product offering?
Six Sigma
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15
Adverse currency appreciation can transform a '____'-cost location into a '_____'-cost location.
low / high
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15
What is the term used when a company takes advantage of factor costs as well as economic, political and cultural conditions when locating manufacturing activities?
Location economies
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15
When the minimum efficient scale of production is low relative to global demand, it may be economical to manufacture a product at ( less / more ) locations.
more
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15
What is a grouping of various types of machinery, a common materials handler and a centralised cell controller computer that produces a family of products?
Flexible machine cell
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15
Improved '__________ ___________' reduces costs by increasing productivity, lowering scrap costs, and reducing the warranty costs.
quality control
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15
A company contemplating international production must consider a number of factors. These can be grouped under three broad headings:
country factors, technological factors, and product factors
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banana
Go to last place!
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fairy
Take points!
5
10
15
20
25
rocket
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baam
Lose 25 points!
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15
Flexible manufacturing technology covers a range of manufacturing technologies designed to rreduce set-up times, increase the utilisation of individual machines, and improve '__________ ___________'.
quality control
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15
What is a certification process that requires certain quality standards to be met?
ISO 9000
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15
Relatively ( low / high ) level of fixed costs can make it economical to perform a particular activity in several locations at once.