What are the factors that can reduce unit cost over the life cycle of a product or service?
What will be an ideal response?
Three factors can reduce unit cost over the life cycle. The first factor, known as economies of scale, reduces unit cost
as quantities increase (especially during the growth phase) because manufacturers get quantity discounts for larger
orders of materials. The second factor is the use of specialized equipment to reduce long-term production costs.
The third factor is the experience curve (also called the learning curve), which tends to reduce production cost over
time as manufacturers gain accumulated production experience and learn what works and what does not. Service
costs vary over the life cycle as well. Costs are often high during introduction due to heavy training and promotion
efforts.
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The principles of secularism in the public arena (as in Turkey) and of freedom from religion (as in France) are used to justify:
a. A ban on gender discrimination in schools and in the workplace b. A ban on different languages in schools and in the workplace c. A ban on prominent religious attire in schools and in the workplace d. Appropriate religious attire in schools and the workplace
A business paid $100 cash to Charles Nice (the sole stockholder) for his personal use. Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts.
What will be an ideal response?
The total amount of greenhouse gasses produced to support operations is the:
A) greenhouse effect. B) gas mass. C) zither. D) carbon footprint.
An overdraft is treated as a loan from the bank to the customer, and the customer must repay that amount to the bank
Indicate whether the statement is true or false