Define economy of scope and economy of scale

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Reference no: EM131863094

Question: 1. Define: "Economy of Scope" and "Economy of Scale", and list their pre-requisites. Name the manufacturing system type that is best suited to achieve each of these 2 objectives and provide reasons.

2. Define and identify the difference(s) between:

i. Flexible Automation & Programmable Automation

ii. Lean, Agile and Flexible Manufacturing Systems

iii. Product Family & Product Platform

Reference no: EM131863094

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