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What are two disadvantages of mass production?
Mass production is: - Inflexible - Limits the design of products
How did shoe making change during the gilded age?
Mass Production.
How did the civil war speed up America industrialization?
The need for mass production and distribution of goods during the Civil War
What industry was uniquely suited to the mass production of military equipment?
the automobile industry
What best describes why sales of consumer goods soared in the late nineteenth century?
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How does the assembly line benefits consumers?
it allowed the production for the product to increase rapidly. Therefore causing mass production and the price to go down
How is production important in the provision of goods and services to consumers?
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.
What was the affect of mass production on shoemaking?
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.
Consumers use cost benefit in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
Assembly lines and mass production have dramatically changed the standard of living for most people in the US Which statement best reflects this change?
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 what?
Consumers use cost-benefit analysis in order to maximize utility.
Consumers used cost- benefit analysis in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
What consumers use cost-benefit analysis in order to maximize?
Consumers use cost-benefit analysis in order to maximize utility.
List four potential dangers that consumers face in the marketplace?
1) Mass production 2) Deceptive Labeling 3) Sales pitches 4) Hidden charges 5) Victimized consumers (Apex) SK
Merits of mass production?
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.
How does mass production affect trade?
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.
How can consumers be wrong but still be using the principle of benefit when they decide to buy something?
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.
