Harrison Home Builders Is Evaluating the Way Certain Parts of Homes

question 96

Multiple Choice

Harrison Home Builders is evaluating the way certain parts of homes are manufactured as drop-in components.It would like to eliminate waste from the process to increase profits.Harrison Home Builders is seeking to apply _____ to the home building process.

• A) ​lean manufacturing
• B) ​productivity trends
• C) ​automation
• D) ​invention

Appreciate the significance of returns to scale on long-run costs.

Recognize the role of technology and specialization in achieving economies of scale.

Identify conditions that lead to diseconomies of scale.

Explore how business strategies like mergers can create value through economies of scope.

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Definitions:

Social Media

Social media encompasses digital platforms and technologies that enable users to create, share content, and participate in social networking.

Twitter

A social media platform that allows users to share short messages, known as tweets, to broadcast their thoughts, links, or media to followers.

Facebook

A social media platform that enables users to connect with friends and family, share photos, videos, and links, and join various groups and events.

Irate Customers

Customers who are extremely angry or frustrated, often expressing their dissatisfaction vocally.