Question: If an industry's manufacturing process becomes much less costly when the volume of production is increased dramatically, industry members will tend to keep small scale

If an industry's manufacturing process becomes much less costly when the volume of production is increased dramatically,
industry members will tend to keep small scale production facilities
new entrants will easily enter the industry at an increasing rate
economies of scale are said to exist
barriers to entry will be lowered
If an industry's manufacturing process becomes much less costly when the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2021 . She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from...

Q:

Entrepreneurship and innovation The keys to global economic recovery invention Executive summary At a time when entire economies and industries are reeling from the nancial crisis, business leaders...

Q:

Management 4390 Exercise: Applying the Content of Chapter 3 to your Company 1. Which of the five competitive forces is creating the strongest competitive pressures for your digital camera company? 2....

Q:

Mr. Brian Krzanich was preparing for his new role as Intel's CEO that would start in May 2013.Impressed with your growing knowledge of strategic management, Mr. Krzanich had asked you to assist him...

Q:

Mr. Brian Krzanich was preparing for his new role as Intel's CEO that would start in May 2013.Impressed with your growing knowledge of strategic management, Mr. Krzanich had asked you to assist him...

Q:

Analysis of Diversification Strategy. First, evaluate Intel's strategy of diversifying into the software industry by explaining how incorporating both software products and hardware platforms (i.e.,...

Q:

In January 2010, Gary Haberland, president and founder of GENICON, a U.S.-based firm that manufactured and distributed medical devices used in laparoscopic surgery, sat at his desk poring through...

Q:

6. What type of plant layout is suitable and how can layout affect productions given the size and complexity of the manufacturing process? 7. What are the main concentrations of the production...

Q:

6. What type of plant layout is suitable and how can layout affect productions given the size and complexity of the manufacturing process? 7. What are the main concentrations of the production...

Q:

Read article and apply Porters five-factor model to one of the following markets, and answer the following questions: snack food market consumer banking market golf equipment market laptop market hot...

Q:

Please I have an article on which the questions come from. Please feel out the form appropriately. Please let me know if you can do a good job on this. I have similar exercise coming. Thanks ARTICLE...

Q:

Discuss the issues facing U.S. franchisors who wish to expand abroad. What additional concerns might a U.S. enterpriser have in buying a franchise from a foreign-based franchisor? What additional...

Q:

Countrytime Studios is are cording studio in Nashville. The studio budgets and applies overhead costs on the basis of production time. Countrytimes controller anticipates 10,000 hours of production...

Q:

Sofia is looking for patterns in the division questions. She has come up with two ideas. Are Sofias ideas correct? Explain your answers. Look back at the questions you have done in this exercise to...

Q:

A home is purchased for $134550. The homeowner pays $26910 down and finances the balance for 20 years at 8% compounded monthly. a. Find the size of the payments rounded up to the next cent. $ b. How...