Three Students-Bernardo, Astrid, and Rajiv-Are Discussing How to Improve Efficiency

question 75

Multiple Choice

Three students-Bernardo, Astrid, and Rajiv-are discussing how to improve efficiency in a manufacturing context. Bernardo says that the company must work toward achieving lower costs per unit of production. Rajiv believes that the company should use the same resources to make more related products. Astrid holds that avoiding the costs of growing too large and creating waste will improve efficiency. When he says that the company should use the same resources to make more related products, Rajiv is calling for

• A)diseconomies of scale.
• B)diseconomies of scope.
• C)economies of scale.
• D)economies of scope.
• E)economies of size.

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Definitions:

Self-efficacy

A person's confidence in their capacity to accomplish tasks and achieve objectives.

Communities of Practice

Groups of people who share a concern, a set of problems, or a passion about a topic and deepen their knowledge and expertise in this area by interacting on an ongoing basis.

Knowledge Sharing

The act of distributing or exchanging information, skills, or expertise among individuals or groups.

Generative Learning

A process that involves actively integrating new information with existing knowledge to generate new understanding or ideas.