Asked by
Mathika Wijesekara
on Nov 25, 2024Verified
The mass affordability of the iPhone is the result of the following, except
A) mass production and spreading of fixed costs.
B) the law of diminishing returns in manufacturing.
C) economies of scale and large volumes.
D) mass sales and distribution cost savings.
Mass Affordability
The widespread ability of the average consumer to purchase goods and services, often due to lower prices or increased income levels.
Economies of Scale
Enterprises see cost efficiencies due to their operating scale, with the cost for every unit of output generally declining as the scale enlarges.
- Acquire an understanding of the notions of economies and diseconomies of scale and their effect on manufacturing volume and company size.
- Examine the effects of technological innovations on production processes and economies of scale.
Verified Answer
WR
Learning Objectives
- Acquire an understanding of the notions of economies and diseconomies of scale and their effect on manufacturing volume and company size.
- Examine the effects of technological innovations on production processes and economies of scale.