The ability to handle a wide range or assortment of products without undue costs is
A)Flexibility
B)Volume flexibility
C)Variety
D)Postponement
E)Mass customization

Question

Quizplus · Accepted Answer

Variety refers to the ability to handle a wide range or assortment of products. It implies that a company can produce or sell various products without incurring significant costs or sacrificing efficiency. This is particularly important in today's market, where customers expect companies to offer a variety of products and customization options to meet their unique needs and preferences. Volume flexibility, postponement, and mass customization are related concepts, but they refer to different aspects of supply chain management.

The Ability to Handle a Wide Range or Assortment of Products