Which one of the following statements is TRUE?
◦ Increased market segmentation and technological advances mandate long development cycles.
◦ Firms such as Ford and Honda found that the concept of concurrent engineering is not cost effective.
◦ The process of concurrent engineering requires design engineers, manufacturing specialists, and marketers to work jointly in designing a product and selecting a production process.
◦ Recent trends are for manufacturing firms not to involve operations until the final design stage has been reached.