The ability to rapidly increase or decrease production levels or shift production capacity quickly from one product or service to another is called____________.

Related MCQs

• Capacity decisions have a direct influence on performance of production system in respect of ________
• The Production Manager, is also responsible for maintaining a specific ______ of the product.
• For a production manager, the product is________________
• Product layout is suitable for _________ type of production.
• Production System, is a complete step-wise, process because a proper _________ is followed in production management.
• Corporate planning staff functions in __________ capacity.
• ________ is one of the parts of product policy of an organization.
• Product layout is also called as ________ layout.
• To ensure that the proportion of defective items in the manufactured product is not beyond certain limits is called ______.
• ___________ is one of the objective of Production Management.