Team production is
A)a production process with decreasing costs per unit as production increases.
B)a production process with individuals specializing in mutually supportive tasks.
C)the production that results from market activity.
D)the cost of organizing an assembly line.
E)the lower costs resulting from organizing a firm versus using the market to coordinate production.

Question

Quizplus · Accepted Answer

Team production refers to a process where individuals specialize in tasks that are mutually supportive of each other, resulting in a more efficient and higher quality production process. This method allows for the division of labor, where each individual is responsible for their specific task, leading to better coordination and less duplication of effort. It is an efficient way of producing goods and services, especially for large-scale operations. Therefore, option B is the best choice.

Team Production Is