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Chapter 1: Q. 5-3PE (page 128)

The concept that relates to gaining efficiency through the full utilization of dedicated resources, such as people and equipment.

Short Answer

Expert verified

Economies of scale

Step by step solution

01

Economies of scale

Economies of scaleare the increased costs that businesses achieve as a result of their size and are often quantified by the volume of output generated.

02

How economies of scale can be attained

Economies of scale can be attained if the company and its manufacturing units are expanded, it will have a maximum possibility of bringing down its expenses and it can also be achieved when more and more units of items can be manufactured on a wider level with less input used.

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Most popular questions from this chapter

What are some capacity balance problems faced by the following organizations or facilities?

(b) A university computer lab

The following activities are part of a project to be scheduled using CPM:

Activity

Immediate Predecessor

Time (Weeks)

A

_

6

B

A

3

C

A

7

D

C

2

E

B,D

4

F

D

3

G

E,F

7

What are some capacity balance problems faced by the following organizations or facilities?

  1. An airline terminal

What are the three general factors that determine the fit of a new or revised service process?

Management may choose to build up capacity in anticipation of demand or in response to developing demand. Cite the advantages and disadvantages of both approaches.
See all solutions

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