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What innovation in production would allow manufacturers to reduce prices?
Wiki User
∙ 14y ago
assembly line
Wiki User
∙ 14y ago
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What are is the Solution to excess capacity in a market?
The "solution" is that the manufacturers need to do some combination of the following: Find new markets (or start making new products) Reduce production Reduce manufacturing costs (fixed costs, variable costs, inventory, everything) Increase the perceived value of their products to acheive higher prices or market share) Reduce the price of their products to increase their market share
Why can firms not always reduce prices until they increase sales and profits?
if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.
How can company increase revenue?
Reduce cost production
Characteristics of production possibility curve?
It slopes downward towards right:this shows that we will have to reduce the production of one commodity to increase the production of the another commodity.
When waste and production by-products are reduced what is a likely effect?
expenses are reduce
What allowed manufacturers to reduce prices of cars from 850 in 1909 to 290 in 1924?
pg 415 in your history book
What are is the Solution to excess capacity in a market?
The "solution" is that the manufacturers need to do some combination of the following: Find new markets (or start making new products) Reduce production Reduce manufacturing costs (fixed costs, variable costs, inventory, everything) Increase the perceived value of their products to acheive higher prices or market share) Reduce the price of their products to increase their market share
Seventeenth century colonial tobacco growers usually responded to depressed prices for their crop by?
Selling land to reduce their volume of production
New deal farm agency that attempted to raise prices by paying farmers to reduce their production of crops and animals?
The National Industrial Recovery Act
Why can firms not always reduce prices until they increase sales and profits?
if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.
What could be the potential causes that could harm consumers if a restaurant is trying to reduce the production cost?
the meat could be cooked raw so they can save on gas prices
What is a benefit of relationship marketing?
Relationship marketing allows manufacturers to mass-customize offerings and to reduce fixed costs associated with production and distribution. Retailers and wholesalers make better-informed merchandising decisions.
What is the Summary of lean production in managerial accounting?
lean production is a business process to reduce the cost only. lean production is a business process to reduce the cost only.
how to Reduce heroin production in Afghanistan?
burn it
In what year did an engineering innovation reduce the sailing distance between the East Coast and the West Coast?
1914
How much does bright light therpay usually cost?
This technology is young, and several manufacturers are coming out with new models each year. Prices have ranged from approximately $360 to $500. Design breakthroughs, however, may reduce this price in the future.
Demonstrate how people and companies can use technology to reduce production of waste and reduce the use of resources.How do these actions affect the environment?
People and companies can use technology to reduce production of waste and reduce the use of resources by dumping the waste and crushing it up.
