Given the Position of the IPod in the Growth Stage

question 1

Multiple Choice

Given the position of the iPod in the growth stage of its life cycle,which of the following OM strategies or issues should Apple (makers of the iPod) be least concerned with at the current time?

• A)forecasting
• B)cost cutting
• C)increasing capacity
• D)product and process reliability
• E)enhancing distribution

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Definitions:

Marginal Product

The additional output that is produced by using one more unit of a particular input, while keeping other inputs constant.

Worker

An individual who performs labour for a company or another person in exchange for compensation.

Diminishing Returns

A rule that implies that after reaching a certain threshold, the profit rate from investing more into a specific sector won't keep rising unless there are changes in other contributing factors.

Production Function

An equation that describes the maximum output that can be achieved with a given set of inputs.