Answer to Question #318051 in Microeconomics for Yuuu

Question

Identify the decision made using by Honda could reduce the cost of production .

Answer 1

Answer.

Honda enjoys a wide range of plans in enabling them become more competitive and reduce the cost of production. One is through the decision to have a diversified view of everything from machines to labour. To add on that, Honda has great expertise in population and engine systems that in return give the advantage of developing of different products around their research with low costs.