A German business that makes millions of vehicle parts annually was able to lower its cost per unit as it boosted production. This serves as an example of the idea of economies of scale.
Cost advantages that businesses enjoy when production becomes efficient are known as economies of scale. By increasing production and reducing expenses, businesses can attain economies of scale. Costs are divided among more products, which causes this. Costs come in fixed and variable forms.
When it comes to economies of scale, the size of the business typically matters. Cost savings increase with business size. Both internal business and external economies of scale are possible. While external economies of scale are influenced by outside causes, internal ones are based on management choices.
Economies of scale result in cheaper per-unit costs for a variety of reasons. Production volumes are first increased through worker specialization and better technological integration. Additionally, decreased per-unit prices may result from larger advertising purchases, bulk orders from suppliers, or lower startup costs. Third, cost reduction is aided by dividing internal function costs among a greater number of manufactured and sold units.
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Answer:
$18.84
Explanation:
Firstly, we need to find the volume of the solid shape. We have identified the solid shape to be a cone.
The volume of a cone is v = 1/3 π r^2 h
Here π = 3.14, r = d/2 = 2/2 = 1 inch and h = 9 inches
V = 1/3 * 3.14 * 1 * 1 * 9 = 9.42 cube.inches
Total value of liquid in the container is thus 9.42 * $2 = $18.84
Answer:
Labor force participation rate = 75.55% (Approx)
Explanation:
Given:
Working population = 450 million
Unemployed people = 95 million
Number of employed people = 245 million
Find:
Labor force participation rate
Computation:
Total labor = 245 + 95 = 340 million
Labor force participation rate = [340 / 450]100
Labor force participation rate = 75.55% (Approx)
Answer:
$3,765.26
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash Flow in year 1 = $ 820
Cash Flow in year 2 = 1,130
Cash Flow in year 3 = 1,390
Cash Flow in year 4 = 1,525
I = 10
PV = $3,765.26
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
Answer:
a. True
Explanation:
Sales promotion is the marketing strategy in which the product is being promoted via using short term & attractive initiatives in order to stimulate the demand so that the sales could be increased. It could be used for introducing a new product in the market, selling out the existing inventory, for attracting more customers, etc
Therefore as per the given statement, the option a is correct
