How does division of labor affect the final product?
(1 point)
lower price, lower quality
lower price, higher quality
higher price, lower quality
higher price, higher quality
The correct answer is higher price, higher quality.
Division of labor refers to the process of breaking down a complex task into smaller, specialized tasks and assigning them to different individuals or groups. Each individual or group focuses on their specific task, becoming highly skilled and efficient in that area. This division of labor leads to increased productivity and efficiency in the production process.
When each individual or group focuses on their specialized task, they can perform it more effectively and efficiently. This can result in higher quality final products as each component is produced with greater attention to detail and expertise. Additionally, division of labor allows for specialization, which means that workers become more skilled and proficient in their specific task, further enhancing the quality of the final product.
However, this specialization and increased efficiency also come with a cost. The process of dividing labor and coordinating different tasks requires management and coordination, which can increase the overall cost of production. This increase in cost can be passed on to the final product, leading to a higher price for the consumer.