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14 August, 11:12

Lower production costs are brought about by the use of technology in which way?

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  1. 14 August, 12:03
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    1) Email have reduced the cost of slower and costly surface mail.

    2) Computers have reduced the cost of manpower and also improve the accuracy rate.

    Explanation:

    Use of technologies in day to day business have reduced the cost of production drastically as well as increase the accuracy rate and reduced the error in production. Technologies keep on improving and we need to upgrade our business to get benefit out of it. There are few examples which have brought the cost of production very low:

    1) Email have reduced the cost of slower and costly surface mail.

    2) Computers have reduced the cost of manpower and also improve the accuracy rate.
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