Question

The ability to rapidly increase or decrease production levels, or shift from one product or service to another is known as Multiple choice question. economies of scale. diseconomies of scope. capacity flexibility. diseconomies of scale.

Answer 1

The ability to rapidly increase or decrease production levels, or shift from one product or service to another is known as  capacity flexibility. Thus, the correct answer is C.

What is a product?

A product is refers as things or services which are use for sale. This product can both be tangible to use where as services are intangible which one can feel only.

The ability to modify total production capacity at any time by combining dependent and fixed resources is known as Capacity flexibility. All decision-making levels including strategic, tactical, and operational, contribute to make capacity decisions.

The most frequent method for increasing capacity is to add more workers, machinery, and space to the production line.

Therefore, option C capacity flexibility is the appropriate answer.

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