Describe changing barriers to entry in automobile industry

Reference no: EM131300942

When the first automobiles were built in 1901, they were made by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production. Over the years, the production line has become ever more mechanized, and today robots replace people in many tasks.
Describe the changing barriers to entry in the automobile industry and explain how the combination of market demand and economies of scale has changed the structure of the industry over the past 100 years.

Reference no: EM131300942

Questions Cloud

Draw a graph of a firm’s cost and revenue curves : Draw a graph of a firm's cost and revenue curves if all cell phones are identical. Use your graph to illustrate the effects of the firm introducing a new, differentiated cell phone.

Were you able to question the speaker about the error : Were you able to question the speaker about the error? If so, when did your questioning occur? Immediately after the error or after some delay and intervening conversation? Were other observers present? Did they notice the error? If you had the c..

Write mission and a vision statement for biocon india group : Write a mission and a vision statement for Biocon India Group. How will these support the development of sustainable competitive advantage?

Which is tax-exempt and issued debt : The Goodsmith Charitable Foundation, which is tax-exempt, issued debt last year at 12 percent to help finance a new playground facility in Los Angeles. If the Goodsmith Charitable Foundation borrowed money this year, what would the aftertax cost of d..

Describe changing barriers to entry in automobile industry : Describe the changing barriers to entry in the automobile industry and explain how the combination of market demand and economies of scale has changed the structure of the industry over the past 100 years.

Evaluate a unique proposal for a power plant in hawaii : Your company has been invited to evaluate a unique proposal for a power plant in Hawaii. As a discussion point, it will be very useful to show your client the proposed cycle compared to an ideal cycle, so make sure that you include a drawing of the..

Employees gobble up the benefits at general mills : How can General Mills ensure that its benefits are not just luxurious expenses but also contribute to business success?

Do ethics and business go hand in hand in the us : Do Ethics and Business go hand in hand in the U.S.? Is it a natural way of doing business in the U.S.? Ethics and business don't go hand in hand (con)

Is this issue relevant for a storage hedge : When production yield is uncertain, what does this suggest in terms of how much of a growing crop to hedge? Is this issue relevant for a storage hedge? Is this issue relevant for a livestock hedge? Explain why.

User Account

All Pages