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7nadin3 [17]
2 years ago
8

15) keeping a product generic as long as possible before customizing is known as:__________

Business
1 answer:
ASHA 777 [7]2 years ago
6 0

Postponement is the practice of keeping a product generic for as long as possible before modifying it.

By deferring current investment in a good or service until the very last minute, postponement is a business strategy that tries to maximize reward and reduce risk. A supply chain technique for quick adjustment to shifting market conditions is postponement. Lead times are lowered, working capital is cut and waste is eliminated. Postponement is a make-to-order strategy in contrast to conventional make-to-forecast methods, when things are quickly customized from stocks of nearly complete products, frequently close to customers. Modern enterprises employ postponement as a key supply chain management strategy in order to survive in the cutthroat business climate of today.

Learn more about postponement

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Explanation:

The least important is the Option A "The price of a competitor's output". It has no influence in the decision of the manager about the inputs in the production process. The choice of inputs will depend on the technology, prices of the inputs and their marginal productivities.

Option B: The technology of the production process could affect the decision about the inputs employed because they are closely related.

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