We see these changes illustrated in the electric light bulb industry, between 1909 and 1955. ... During this period in the electric bulb industry, aquot;the production process involving 11 separate operations and a heavy reliance on the skills of manual labor ... Finally, the search is strong for the economies of scale that result from organizational control and optimum plant size. ... The introduction of the Model T Ford resulted in a price reduction from $3, 000 to less than $1, 000 (in 1958 dollars).
|Title||:||Review of Marketing|