Why Did 3M Stop Production of Scotchgard Fabric Protector

question 127

Multiple Choice

Why did 3M stop production of Scotchgard fabric protector?

• A)New advances in fabric manufacturing, such as dirt repellant fibers, made the need for the product obsolete.
• B)The product accidentally violated patent rights of a competitor.
• C)Traces of a potentially harmful chemical were found in humans so the product was voluntarily halted.
• D)New governmental legislation banned the production of one of the product's component chemicals.
• E)The firm developed a new product that cost significantly less to produce, resulting in a significantly higher profit margin.

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Definitions:

Total Cost Curve

A graphical representation that shows the total cost of producing different quantities of output.

Ratio

A mathematical expression that represents the quantitative relationship between two numbers, showing how many times one value contains or is contained by the other.

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period.

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced, decreasing as production increases.