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What lowered the cost of products?
Assembly lines, automatisation, moving production to places with lower salaries,and reduce raw material costs.
What lowered the cost products?
Assembly lines, automatisation, moving production to places with lower salaries,and reduce raw material costs.
How did the assembly line affect production costs?
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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 is high volume products and low volume products in activity based cost?
Some products are high volume and low cost if they can be produced by machines cheaply and easily from heap products and sold at a large profit margin. The opposite would be low volume high cost items.
How did the technological advance of the assembly line affect the way in which humans produce products like cars?
increased the uniformity of items.
What are the variables that will affect the cost of webcast?
I want to webcast my services and the products so want to know how much will it cost and on which variables
What lowered the cost of products?
Assembly lines, automatisation, moving production to places with lower salaries,and reduce raw material costs.
What lowered the cost products?
Assembly lines, automatisation, moving production to places with lower salaries,and reduce raw material costs.
How does the scale of production affect the cost of products?
The more of the material that is bought to make products, then the cheaper it gets in the long run. The profit that is made when products are then sold increases.
How did railroads affect the location of factories?
Factories were located close to railroads so as to facilitate and reduce the cost of shipping their products.
What is manual assembly?
Manual assembly is a process of making products by people who are using their own hands to connect all elements of products. People can use tools to do this, but in manual assembly no robots are used.
What is the advantage of buying self-assembly products?
Buying self-assembly products often offers cost savings, as they typically have lower prices compared to fully assembled items due to reduced shipping and manufacturing costs. Additionally, self-assembly can provide a sense of accomplishment and personalization, allowing consumers to customize the final product to their preferences. Lastly, these products often require less storage space, as they are packaged in smaller boxes, making them easier to transport.
What is local assembly and packaging?
Local assembly and packaging generally refers to the final assembly of components into a finished product, subsequent packaging for shipment and POS (if retail product). This is usually driven by local customization of products for a local market, cost and value add at a local level, and/or management of inventories.
When marginal cost is less than the average total cost the average total cost is falling why?
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
How did the assembly line affect culture?
The assembly-line allowed manufacturers to produce vehicles at a much lower cost. The effect was that the average consumer was able to purchase a vehicle. Prior to the perfection of the assembly-line vehicles were very costly and only the rich could own a car. This put America on wheels.
Advantages of assembly line?
Advantages of an assembly line helped during the Industrial Revolution. Products could be produced much quicker than previously, and the products could be produced at a lower cost. The products are also almost all identical, instead having to be made separately by hand.
