Business Finance
The importance of Efficiency and Cost of Production, economics homework help- |
Primary Task Response: Within the Discussion Board area, write 600800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
Additional Information: Because the decision about relocating manufacturing operations to the United States is so important, the board of directors at AutoEdge continues to systematically discuss every aspect of the situation.
The following week, CEO Lester Scholl meets you for coffee to discuss next weeks board meeting.
Im hearing good things about you, he says. Ingrid and George tell me youve been very responsive and helpful.
Thats good to hear, you say. Ive enjoyed working with them.
Were bo
th busy, so Ill get right to the point, he says. One of the main objectives of any business is to be efficient. Without efficiency, the company is essentially losing money. Am I right?
Absolutely, you say.
What must AutoEdge do, he says, to obtain economies of scale with production? How do we know that it has achieved economies of scale? Conversely, how do we know if it is achieving diseconomies of scale?
Thats a good question, you say. I can understand why you ask.
But before you can respond, Lesters cell phone rings. After a minute, he ends the call and stands.
I have to get back to the office to handle an emergency, he says. Would you send me an e-mail with an answer to my questions, please?
No problem, you say. Ill get it to you before I leave work this afternoon.
I appreciate it, he says. Thanks.
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