Asked by KIARRA MORRIS on Sep 28, 2024
Verified
Which of the following would most likely lower unit costs while increasing reliability and conformance quality?
A) network effects
B) economies of scope
C) diseconomies of scale
D) learning curve effects
Unit Costs
Unit costs refer to the cost incurred by a company to produce, store, and sell one unit of a particular product or service.
Learning Curve Effects
The observed reduction in production costs and increase in efficiency as a company gains experience in manufacturing a product or providing a service.
Reliability
The degree to which an experiment, test, or measuring procedure yields the same results on repeated trials, indicating consistency and dependability.
- Comprehend the association between scale economies, market penetration, and profit margins.
Verified Answer
Learning Objectives
- Comprehend the association between scale economies, market penetration, and profit margins.
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