Final answer:
Mass production is the method of producing large quantities of goods efficiently through standardized procedures and machinery, resulting in economies of scale.
Step-by-step explanation:
The method of producing large quantities of goods efficiently is mass production. Mass production is a manufacturing process that produces a high volume of identical products using standardized procedures and machinery. It allows for economies of scale, where the cost per unit decreases as the quantity produced increases.
For example, in the automotive industry, mass production techniques are used to produce thousands of cars that are identical in design and features. This allows manufacturers to achieve high levels of efficiency and lower production costs.
In contrast, the other options mentioned are not focused on producing large quantities of goods efficiently. Customization involves tailoring products to individual customer preferences, which can be time-consuming and expensive. Handcrafting involves making products by hand, which is typically a slower and more labor-intensive process. Mass customization combines elements of both customization and mass production, allowing for some degree of individualization while still achieving high levels of efficiency.
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