As an Indication of the Importance of Economies of Scale

question 29

True/False

As an indication of the importance of economies of scale, Ford Motor Company runs a single global business developing cars and trucks that can be built and sold through the world. By 2015, Ford intends for about 75% of the vehicles it sells to be variants of about 5 basic platforms.

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Definitions:

Blindness of Involvement

The phenomenon where individuals become so engrossed in their own perspective or role that they are unable to understand or see the situation from another's viewpoint.

Development Process

A systematic approach to creating or improving a product, service, or concept from initial idea through final realization.

De-escalate

To reduce the intensity or severity of a conflict or potentially volatile situation.

Analogical Reasoning

A cognitive process that involves drawing comparisons between two similar situations or problems to deduce new understanding or solutions.