The system of flexible production at dispersed location is known as _____.

Post-Fordism

The correct answer is Option (1) → Post-Fordism

Post-Fordism: Refers to the method of flexible production adopted by multinational companies who either off-shore their production units or outsource the whole process of production and distribution to third world countries because of the availability of cheap labour. This period also marks the growth of the financial sector and growth of the culture and leisure industry evident in the appearance in cities of shopping malls, multiplex cinema halls, amusement parks and the phenomenal growth in television channels.

Fordism: Refers to a system of production made popular by the American industrialist Henry Ford in the early part of 20th century. He popularized the assembly line method of mass production of a standardized product (cars). This era also led to payment of better wages to the workers and social welfare policies being implemented by both industrialists and the state.

Taylorism: System invented by Taylor, involving break up of work under management control.