When Solar Panels Were First Introduced to the Market,sales Numbers

question 151

Multiple Choice

When solar panels were first introduced to the market,sales numbers were low and production costs were high.Manufacturers realized the need to produce and sell more solar panels at a lower average total cost in order to achieve

• A)economies of scale.
• B)diseconomies of scale.
• C)positive technological change.
• D)a reduction in total fixed costs.

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Definitions:

Perpetual System

An inventory system that continually updates inventory records and cost of goods sold after each purchase or sale.

Cost of Goods Sold

Refers to the specific expenses directly linked to the creation of the products a company sells.

Perpetual LIFO

A method of inventory valuation where the last items added to inventory are considered the first items sold, continuously updated in real-time.

Purchases and Sales

This involves transactions related to buying (purchases) and selling (sales) goods or services, critical to determining a business's revenue and inventory levels.