Solved:
Answered by AI, Verified by Human Experts
Foundries owe much of their success to: Multiple Choice Location Flexibility Volume purchases of materials and supplies Diseconomies of scale
Foundries owe much of their success to: Multiple Choice Location Flexibility Volume purchases of materials and supplies Diseconomies of scale
Final answer:Thesuccess of foundrieslargely relies on volume purchases of materials and supplies, providing a cost advantage. The location of the foundry also matters, due to access to supplies, markets, and labor. Flexibility can be crucial, whereasdiseconomiesof scale aren't typically beneficial.Explanation:Foundries, or metal casting industries, owe much of their success to a combination of factors, but primarilyvolume purchases of materials and supplies. This means that foundries buy large amounts of raw materials and supplies needed for production, usually at a discounted price due to the size of the purchase, giving them a cost advantage.The location of the foundry can also impact its success, depending on its proximity to raw material supplies, market, and available human resources. And whileflexibilitycan be significant, as it allows foradaptationto market changes, diseconomies of scale usually are not advantageous/desirable as they lead to an increase in costs with an increase in production.Learn more aboutFoundries Success Factorshere:brainly.com/question/32168623#SPJ11...