After 2 Years of Operation,the Workers in XYZ Co

question 21

Multiple Choice

After 2 years of operation,the workers in XYZ Co.become more adept because of their repeating work.As a result,the average cost of production is lowered due to

• A)economies of scale.
• B)increasing returns to scale.
• C)increasing marginal returns.
• D)learning by doing.

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Definitions:

Organizations

Groups of people who come together to achieve common goals, following a structured system and processes to ensure coordinated efforts.

Service Triads

A supply chain model where three parties are involved in the service delivery process, creating a triangular relationship.

Contracts

Legally binding agreements between two or more parties that specify the terms and conditions of their relationship and transactions.

Service Delivery

The manner in which a company provides a service to customers, including the process of ensuring customer satisfaction.