The mass affordability of the iPhone is the results of the following, except:
A. Mass production and spreading of fixed costs
B. The law of diminishing returns in manufacturing
C. Economies of scale and large volumes
D. Mass sales and distribution cost-savings
B. The law of diminishing returns in manufacturing
You might also like to view...
MBA Degree Programs Every year various business magazines rank the quality of the different MBA programs. Why don't all prospective students flock to the highest ranked program?
One clear function for the government to play in an economy is to:
a. Promote research and development by providing tax breaks to domestic industries that will eventually be able to compete internationally. b. To provide needed goods and services that otherwise would not be provided effectively and/or efficiently by the private sector. c. Levy tariffs and other forms of protection to protect infant industries that will grow to international stature in the future. d. Run deficits when a nation is growing and surpluses when it is contracting.