Mass production is: - Inflexible - Limits the design of products
Mass Production.
The need for mass production and distribution of goods during the Civil War
the automobile industry
I
it allowed the production for the product to increase rapidly. Therefore causing mass production and the price to go down
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
Mass production revolutionized shoemaking by allowing for faster and more efficient production processes. It increased the availability of shoes to a wider population and reduced costs, making footwear more accessible and affordable for consumers. Additionally, mass production enabled the standardization of shoe sizes and styles, leading to greater consistency in quality and design.
Mass production makes goods more available for consumers, thus raising the standard of living in the country.
Consumers use cost-benefit analysis in order to maximize utility.
Consumers use cost-benefit analysis in order to maximize utility.
Consumers use cost-benefit analysis in order to maximize utility.
Consumers use cost-benefit analysis in order to maximize utility.
1) Mass production 2) Deceptive Labeling 3) Sales pitches 4) Hidden charges 5) Victimized consumers (Apex) SK
Mass production helps a company to produce goods at lower costs per unit than small scale producers who make dozens at a go. Mass producers also get the benefit of getting tenders from companies that want thousands of units in one order.
Industrialization and production makes products more refined and hence increases their costs. Finding markets for manufactured products is much easier since the products are more appealing to consumers.
Consumers are still being rational (sensible) when they purchase something that results in no benefit if they believed that it would give them benefit when they purchased it.