Which of the Following Is a Good Example of a Manufacturing-Related

question 41

Multiple Choice

Which of the following is a good example of a manufacturing-related key success factor?

• A)Global distribution capabilities
• B)High labor productivity (especially if the production process has high labor content)
• C)Low distribution costs
• D)Accurate filling of buyer orders
• E)Short delivery time capability

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Definitions:

Market

A group of buyers and sellers of a particular good or service.

Diminishing

A principle often referring to diminishing returns, where additional inputs result in progressively smaller increases in output.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding all other inputs constant.

Production Function

An economic model that describes the relationship between the inputs a firm uses and the output it creates.