All of the Following,except One,are Possible Explanations for Why Large-Scale

question 102

Multiple Choice

All of the following,except one,are possible explanations for why large-scale operations may not be as important for firms in many industries in the future.

• A)Economies of scale are becoming less important in some industries because of new technology.
• B)Financial capital is now more readily available to small firms than it used to be.
• C)Consumer demand is shifting towards more customized products.
• D)Very large,established firms are often less flexible.
• E)Small firms can advertise their products on TV for a per unit cost that is just as inexpensive as large firms.

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Definitions:

Single Reduction

In mechanical systems, a gear arrangement where speed reduction and torque increase are accomplished in one single step or stage.

Differential Carrier

The housing that contains the differential assembly in a vehicle, responsible for allowing wheels to rotate at different speeds for smooth turns.

Gear Reduction

A mechanism that reduces the speed of an input shaft to a slower output speed, increasing torque in the process.

Steering Axles

Axles equipped with mechanisms for steering, allowing the vehicle to change direction; critical for maneuverability.