1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Jet001 [13]
3 years ago
14

If a factory produces 100 TV sets per year, each TV will be quite expensive to make. However, if a factory produces 20,000 TV se

ts each year, then it can set up an assembly line with huge machines and workers performing specialized tasks, and the average cost of production per TV will be lower. What is this an example of?
(A) specialization
(B) division of labor
(C) productivity
(D) economies of scale
Business
1 answer:
ser-zykov [4K]3 years ago
5 0

Answer:

The correct answer is D: economies of scale

Explanation:

Economies of scale are the diminished cost by companies when production becomes efficient.  Companies can achieve economies of scale by increasing production and lowering costs. <u>This happens because fixed costs are spread over a larger number of goods.</u> There are implications in variable costs as well (for example in obtaining discounts by large purchases from suppliers). In general, the larger the scale, the more cost savings.

The cost per unit depends on how much the company produces. Larger companies can produce more by spreading the cost of production over a larger amount of goods. Specialization of labor and more integrated technology boost production volumes. Lower per-unit costs can come from bulk orders from suppliers, larger advertising buys, or lower cost of capital. Spreading internal function (for ex: accounting, information technology, and marketing) costs across more units produced and sold helps to reduce costs.

You might be interested in
A typing instructor builds a regression model to investigate what factors determine typing speed for students with two months of
boyakko [2]

Answer:

The range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].

Explanation:

The compete question is:

A new student is taking 2 hrs of typing instruction per week, will practice 5 hrs per week and must type 2.5 hours per week for work. If the standard error of the estimate is 4, within what range do we have a 95.45% probability that that student's typing speed will be in two months?

Solution:

The regression equation formed by the typing instructor to investigate what factors determine typing speed for students with two months of instruction is as follows:

Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}

Here,

<em>Y</em>' = typing speed in words per minute

<em>x</em>₁ = hours of instruction per week

<em>x</em>₂ = hours of practice per week

<em>x</em>₃ = hours of typing per week necessary for school or work

Compute the value of <em>Y</em>' for the given values of <em>x</em>₁, <em>x</em>₂ and <em>x</em>₃ as follows:

Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}

    =11+(7\times 2)+(5\times 5)+(3\times 2.5)\\=11+14+25+7.5\\=57.5

So, the typing speed of this student in words per minute is 57.5.

The range providing the (1 - <em>α</em>)% prediction interval for values of <em>Y</em>' is:

Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE]

Since the data selected is for 2 months the sample size is too large.

The critical value of <em>t</em> is 2.

Compute the range as follows:

Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE]

   =[57.5\pm 2\times 4]\\\\=[57.5\pm 8]\\\\=[49.5, 65.5]

Thus, the range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].

6 0
3 years ago
Setting a price ceiling below the equilibrium price can result in:
lana [24]

Answer:

The correct answer is option a.

Explanation:

A price ceiling is an upper limit on the price that could be charged for a product. It is generally imposed to protect consumers and to make necessary items affordable for the people.  

A price ceiling below the equilibrium price is called a binding price ceiling. It creates a shortage in the market as at lower prices the consumers will demand more of a commodity but the suppliers will supply less.  

Because of the law of demand and law of supply, the quantity demanded will be greater than the quantity supplied at a price that is fixed below the equilibrium price.

4 0
3 years ago
Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions aske
kirill [66]

Answer:

services

Explanation:

Based on the information provided it can be said that this  is an example of how Zappos has a strong competitive advantage through services. This is because they provide unique services that customers value greatly and that the competition does not offer them. Therefore this creates customer loyalty and generates more sales. Therefore these services are providing Zappos with a competitive advantage.

4 0
3 years ago
Do you think workers of a company need to join in a trade union? Justify your answer
denpristay [2]

Explanation:

Because there is no unity the would not be done properly because there is role for every one

7 0
2 years ago
Scott Company had sales of $12,350,000 and related cost of goods sold of $7,500,000. Scott provides customers a refund for any r
maria [59]

The adjusting journal entries to record the adjustments in the books of Scott Company are as follows:

<h3>Journal Entries:</h3>

December 31;

Debit Sales $98,800

Credit Cash Refundable $98,800

  • To record expected cash refunds.

Debit Inventory $48,000

Credit Cost of goods sold $48,000

  • To record expected merchandise returns.

<h3>Data Analysis:</h3>

Sales = $12,350,000

Cost of goods sold = $7,500,000

Estimated percentage refunds = 0.8% of sales

Expected Refunds = $98,800 ($12,350,000 x 0.8%)

Returned goods = $48,000

Sales $98,800

Cash Refundable $98,800

Inventory $48,000

Cost of goods sold $48,000

Learn more about adjusting journal entries at brainly.com/question/13933471

4 0
2 years ago
Other questions:
  • You’ve just graduated from Berkeley College with a major in accounting and have landed your first accounting job. Your assignmen
    5·1 answer
  • Williams &amp; Co. is a medium-sized CPA firm enrolled in the Private Companies Practice Section (PCPS). The firm is to have a p
    12·1 answer
  • Fullerton Waste Management purchased land and a warehouse for $720,000. In addition to the purchase price, Fullerton made the fo
    12·1 answer
  • Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 440,000 shares of $10 par common stock and 60,000 shar
    5·1 answer
  • Organizational ___________ is the process by which managers create a specific type of organizational structure and culture so th
    13·1 answer
  • . Which one of the following businesses would be the most difficult to get funding for?
    7·1 answer
  • In the case of such a catastrophe like the one we are facing (corona
    14·1 answer
  • Duce, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machi
    7·1 answer
  • While Amazon has become a very powerful e-commerce firm here in the US, Alibaba, the Chinese company is very powerful in many pa
    9·1 answer
  • Salaries of managers and maintenance personnel are examples of ______ labor costs.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!