A manufacturer benefits from using fewer scarce resources primarily because it reduces production costs, making the product less expensive to produce. Scarce resources such as raw materials, energy, and water are often costly and limited, so minimizing their use lowers expenses and can increase profit margins
. Additionally, using fewer scarce resources aligns with consumer demand for more sustainable and affordable products, potentially better satisfying consumer needs and enhancing product popularity and availability
. This resource efficiency also supports environmental sustainability, which can strengthen brand loyalty and competitive advantage
. In summary, the key benefits for a manufacturer using fewer scarce resources are:
- Lower production costs , leading to cheaper products and/or higher profits
- Better satisfaction of consumer needs through affordability and sustainability
- Increased product popularity and availability due to efficient resource use
- Improved profitability from cost savings and market competitiveness