Difficult to do, but you might be able to move into a smaller production facility and run two shifts; that way one production line can be in operation for a longer period but with lower rent, power and utility costs. However, you may discover that a shift differential pay eats up all your savings.
lowering the costs of production of a good (novanet)
mass production mainly reduces the costs of labor..
inksoliko
To make production more efficient in terms of time and materials, hence lowering costs.
true
The industrial revolution affected the standard of living for people in industrialized countries by improving food production and lowering production costs.
Production costs are costs to produce
By using mass production. A very novel idea at the time.
An example of spillover costs includes production costs passed to a third party without any form of compensation.
Lower production costs help lure foreign
To reduce labor costs
After realizing true costs in the production stage, the design stage provide the second greatest opportunity to reduce costs.