Question

Which of the following type of manufacturing cost may go up?​

Answer 1

type of manufacturing cost

Explanation:

• Product diversification is one of the strategy used by a company to increase profitability and also achieve higher sales volume from new products.
• Diversification means branching out into other product categories, industries, or market places in a business ecosystem.
• Being a diversified manufacturer defines that a company is involved in a wide range of industries and also unrelated market segments features or products to customers in a new market.
• By expanding their reach, businesses are able to explore new avenues for sales as well as potentially increase their profits and return on investment

Answer 2

Question:

In which of the following type the manufacturing cost may go up ?

(A) Standardization

(B) Simplification

(C) Diversification

(D) All of the above

Answer:

Diversification (c)

Explanation:

• Product diversification is one of the company's strategies to increase profitability and increase sales with new products. Diversification means branching out into other product categories, industries, or market places in a business ecosystem.

• Being a diverse manufacturer means that companies operate in different industries, address unrelated market segments, and serve products to customers in new markets..

• Expanding reach allows businesses to explore new sales channels and potentially improve profits and return on investment.

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