What do we call this argumentation scheme

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The following appeared as part of an annual report sent to stockholders by Olympic Foods, a processor of frozen foods: “Over time, the costs of processing go down because as organ- izations learn how to do things better, they become more efficient. In color film process- ing, for example, the cost of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its 25th birthday, we can expect that our long experience will enable us to minimize costs and thus maximize profits.”

a. what do we call this argumentation scheme?

b. what are the critical questions to decide whether this argumentation is sound?

c. Is this argumentation sound?

Reference no: EM131713361

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