Which of These Is an Example of Lego's Commitment to Innovation

question 139

Multiple Choice

Which of these is an example of Lego's commitment to innovation?

• A)By 2030,use only sustainable materials in packaging and products.
• B)By 2020,use robotics in 55% of its workforce.
• C)Donate 10% of all sales to educating females in engineering.
• D)Provide incentives to employee teams who suggest the best use of recycled Legos.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, resulting in a decreased cost per unit.

Long-run Average Total Cost

The long-run average total cost is the per-unit cost of production when all inputs can be adjusted, reflecting the most cost-efficient scale of operation.

Long-run Total Costs

The total costs incurred by a firm when all inputs are variable and can be adjusted.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.