0
The key incentive of mass production is cost reduction through economies of scale. By producing goods in large quantities, companies can lower the per-unit cost of production, which increases profitability and competitiveness in the market. This efficiency not only allows for lower prices for consumers but also enables businesses to reinvest savings into innovation and improvement, driving further growth. Ultimately, mass production facilitates widespread access to products and enhances overall economic productivity.
What else can I help you with?
How a production possibility curve depends on factors of production?
A production possibility curve depends on factors of production because they are all part of one big group. For example, if raw material does not arrive when needed, there can be no production. Each part of the production process depends on the step before it.
What played a part in US economic growth in the 1950s?
U.S. factory production catalyzed by WWII played a part in US economic growth in the 1950s.
What are the three subdivision of indirect production?
Well, darling, the three subdivisions of indirect production are auxiliary production, complementary production, and joint production. Auxiliary production involves producing goods or services that support the main production process. Complementary production involves producing goods or services that are used together with the main product. Joint production involves producing multiple products from the same production process. Hope that clears things up for you, sweetie.
the machinery and tools used to create a product are part of which factor of production?
capital
What is the relationship between production department and other department in organisation?
"production" is the part of a company that produces what the company sells, and "marketing" is the part of a company that sells the product for the company. This is a very short explantion of your question. It can be much more complicated.
What incentive is a key part of mass production?
A key incentive of mass production is the reduction of costs through economies of scale. By producing goods in large quantities, companies can lower the per-unit cost due to factors such as bulk purchasing of materials, streamlined processes, and increased labor efficiency. This cost reduction allows businesses to offer competitive pricing, which can lead to higher sales volumes and increased market share. Ultimately, mass production enables manufacturers to maximize profits while meeting consumer demand.
How did mass production affect industrialization?
Mass production is a by-product of industrialization. Inventions that were part of the Industrial Revolution resulted in mass production.
What part of speech is mass?
Mass can be a noun or an adjective. As a noun: The mass of a solid. As an adj: Mass production.
Why is seed production an important part in the agriculture industry?
to grow plants
Why is it important to try out the mold before mass production?
Before a new mold is injection molded or when the machine is replaced by another mold for production, mold trial is an essential part. The good or bad results of the mold trial will directly affect the smoothness of the subsequent production in the factory. Therefore, it is necessary to follow reasonable operation steps and record the useful technical parameters during the injection molds trial for the mass production of products.
What is the central and important steps of the mass?
The most important and central part of mass is the transubstantiation. This is when the bread and the wine become Jesus' body and blood.
Why is it important to perform a mass property analysis prior to producing a part?
Its important because you need that stuff.
Full form of PLI part of salary?
Performance Linked Incentive
What is a standard component in design technology?
Standard Components are pre-manufactured parts bought in by individuals or commercial manufacturers, usually as part of a batch production or mass production system.
How does mass production work?
mass production is set up to were only one part is made in a certain department and the same for the rest of the parts then the product is put on an assembly line where 1 person or machine assembles the same part of the product over and over again. until the product reaches the end of the line where the product is complete.
What is the cheapest part of a vcr?
The cheapest part of a VCR is the plastic casing, as it can be easily stamped in mass production lines. You should be aware that the mechanical parts of a VCR break easily.
Are atoms part of mass?
they are not part of mass... they are the reason there's mass
