When Fatz Confectionery Can Lower the Cost of Manufacturing and Packaging

question 366

Multiple Choice

When Fatz confectionery can lower the cost of manufacturing and packaging a pound of candy by doubling the quantity manufactured and packaged each day, it will achieve

• A) economies of scope.
• B) economies of scale.
• C) economies of team production.
• D) all of the above

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Definitions:

Forming Stage

The initial phase of team development where members are brought together, get to know each other, and start to understand the team's goals.

Team Development

The process of enhancing the effectiveness of work groups through improving goal setting, roles, interpersonal relationships, and problem-solving strategies.

Storming Stage

The phase in group development where members experience conflicts and competition, as individual personalities and differences emerge.

Leadership Role

A position within an organization or group that entails guiding, influencing, or directing others towards achieving common goals and objectives.