Asked by Jonah Sachnowitz on Jul 03, 2024
Verified
The business environment prior to 1974 was "friendly" to companies using scientific management and mass manufacturing methods because:
A) U.S. manufacturers dominated the world economy.
B) Industry profits were held by a large number of firms.
C) Education levels were significantly higher than they are today.
D) Global competition made U.S. industries stronger.
Scientific Management
A management theory developed by Frederick Taylor aiming to improve economic efficiency and labor productivity through systematic study and analysis of workflow.
Mass Manufacturing
The production of large quantities of standardized products, often utilizing assembly line technology to achieve efficiency and cost-effectiveness.
World Economy
The global network of economic activities, including the production, distribution, and consumption of goods and services, across national borders.
- Recognize the alterations in the business landscape starting from the 1970s and their impacts on the structure of work.
Verified Answer
SR
Schaffer Rodrigues5 days ago
Final Answer :
A
Explanation :
Prior to 1974, U.S. manufacturers dominated the world economy, which created a favorable environment for companies using scientific management and mass manufacturing methods. The lack of strong global competition allowed U.S. companies to operate without significant threats to their market share, and therefore they were able to achieve high levels of profitability.
Learning Objectives
- Recognize the alterations in the business landscape starting from the 1970s and their impacts on the structure of work.