Specialization within firms has all of the following advantages except:
A)decreased setup costs.
B)increased knowledge of consumer preferences.
C)decreased monitoring costs.
D)increased productivity through learning by doing.

Question

Quizplus · Accepted Answer

Specialization within firms can lead to decreased setup and monitoring costs, as well as increased productivity through learning by doing. However, it does not necessarily lead to increased knowledge of consumer preferences. In fact, specialization may lead to a narrower focus and less overall understanding of the market.

Specialization Within Firms Has All of the Following Advantages Except