In: Economics
What are the key changes for business as they became mass producers?
Mass production is referred to the production in high quantities of standardized goods using automation technology. Large number of identical products are developed. It is also explained as continuous, repetitive flow production. Mass producer requires low number of workers and thus it can decrease the production costs. Efficiently of marketing and distribution is high for mass producers. As the production process is well monitored then thee precision grade off thee goods will be high.
In business as it becomes mass producers, consumer goods will be available at low prices. Production goods become easier and more faster. Wider distribution of products can be done. It increases the availability of goods and result in increased sales. Manufactures can produce more and makes easier and satisfying profit. The decrease in production costs also benefits for the producers. The company brand get more promoted and large sales reasons to achieve profit goals. But there are some problems in mass production. Some times as there is any error occur in production the whole product and the time go waste.