flexibility

  

Definition

The ability of a system, such as a manufacturing process, to cost effectively vary its output within a certain range and given timeframe.

Articles related to 'flexibility'

Business Tips

Charging Customers Different Prices for the Same Product or Service

Perfect price discrimination is the term given to charging each customer as much as that customer will pay. Note that some types of price discrimination are legal and others are not. Some ways you can ... Read more

Questions related to 'flexibility'

Related Videos




http://www.businessdictionary.com/definition/flexibility.html

Popular 'Industries, Manufacturing, & Technology' Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z