Question

The ability of an organization to produce goods or services that have some uniqueness in their characteristics is:

Answer 1

competing on differentiation

Answer 2

Mass production

The ability of an organization to produce goods or services that have some uniqueness in their characteristics is mass production.

• Mass production is the process of producing standardised goods in huge quantities, frequently with the aid of automation or assembly lines. The efficient creation of several identical products is made possible by mass production. Everything the public required or wanted could be produced in higher quantities. Lower prices for consumer products were a byproduct of mass production.
• Eventually, economies of scale led to the lowest possible product price for the consumer without requiring the manufacturer to forgo earnings.
• Mass production is the efficient production of huge quantities of items using machinery, whereas mass production is the manual production of goods using a large workforce.
• The goal of mass production is to maintain the lowest cost possible throughout the whole manufacturing process while producing the biggest volume achievable. When goods are produced in large quantities, their individual costs are reduced.
• Specialized machinery are the main traits of mass production. exchangeable components dividing up the work.
• Flow production, repeating flow production, series production, and serial production are further terms for mass production. Mechanization is utilised in mass production to achieve high volume, meticulous material flow management, rigorous control of quality standards, and labour division.

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