MCQ Question: How would a manufacturer benefit by using fewer scarce resources?
A) Increase their environmental footprint
B) Reduce their production costs
C) Decrease their productivity
D) Improve their reputation
Answer: B) Reduce their production costs
Explanation: By using fewer scarce resources, a manufacturer can reduce their production costs. Scarce resources are often more expensive to acquire and use due to their limited availability. By reducing their use of these resources, the manufacturer can lower their production costs and improve their profit margins. In addition to cost savings, using fewer scarce resources can also lead to environmental sustainability, increased efficiency, and improved reputation. However, the primary benefit for a manufacturer using fewer scarce resources is the reduction of production costs.