How would a manufacturer benefit by using fewer scarce resources

Posted By Admin @ September 03, 2022

Question:

How would a manufacturer benefit by using fewer scarce resources? The product would be less expensive to produce. The product would better satisfy consumer needs. The product would be popular and readily available. The product would provide a more satisfactory profit.

Answer:

The benefit that a manufacturer would get from using fewer resources is that it would make the product to be less expensive to produce.

The greatest benefit in the manufacturing process when fewer resources are being used is that it cuts down on the cost of production.

In production, the goal is to minimize the cost of production and still come up with quality product. This would bring about profit maximization.

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