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A pioneer in the automobile industry implemented the concept of first introduced by Adam Smith?
Henry ford/ assenbly line production :)
How did the assembly line affect production costs?
sepa ala verga
If opportunity costs were constant then the production possibilities curve would be what?
A straight line.
What is a production manager?
A production manager is an employee of a production company that oversees production of TV and movies. They are responsible for keeping costs in line and delivering the show on time.
What effect did assembly line have on production costs?
What the assembly line did was it served to speed up production and make work easier. The idea being that many unskilled workers would take the place of the few skilled workers. The assembly line produces more products in a short period of time which means that companies can sell their product at a cheaper cost making the product more affordable to consumers.
What effect did the assembly line have on the cost of production?
The assembly line significantly reduced the cost of production by streamlining manufacturing processes and increasing efficiency. By dividing tasks among workers and allowing for specialization, it minimized the time and labor required to produce goods. This led to faster production rates and lower labor costs, ultimately making products more affordable for consumers. As a result, businesses could scale up production while maintaining or increasing profit margins.
What happens if line balance does not exist?
Basically, line balancing is a production plan that involves setting an intended rate of production for materials, which need to be constructed within a certain time. If there is a hold-up, then the line or plan becomes unbalanced - probably resulting in extra production costs, a cancelled order, or penalty charges for late completion or delivery.
What was NOT one of the effects of Ford's assembly line production methods?
One effect that did not happen was that people were notreplaced by machines.
What happens if balance does not exist. line balancing?
Basically, line balancing is a production plan that involves setting an intended rate of production for materials, which need to be constructed within a certain time. If there is a hold-up, then the line or plan becomes unbalanced - probably resulting in extra production costs, a cancelled order, or penalty charges for late completion or delivery.
What is nett profit?
Net Profit is known as the bottom line. It is how much money is earned after all costs of production, expenses, and taxes are removed.
What was the Production Budget for On the Line?
The Production Budget for On the Line was $10,000,000.
npk fertilizer production line?
npk production line
