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Name four benefits derived from division and specialization

      

Name four benefits derived from division and specialization

  

Answers


Peter
(i) Better methods of production due to invention and innovation.
(ii) Workers are able to perform tasks in which they are talented.
(iii) High quality goods are produced due to regular repetition of tasks.
(iv) Enhances standardization of products through mass production.
(v) Saves on time and energy since workers do not switch from one job to another.
(vi) Lowers cost of production due to extensive use of machinery.
(vii) Production of a wide variety of goods.
(viii) Firms benefit from economies of scale due to large scale of production.
(ix) Great efficiency leads to mass production.

Musyoxx answered the question on July 25, 2018 at 16:36


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