Figure 7.5.1 -When a Product Transformation Curve Is Bowed Outward, There Are

question 54

Multiple Choice

Figure 7.5.1
-When a product transformation curve is bowed outward, there are ________ in production.

• A) economies of scope
• B) economies of scale
• C) diseconomies of scope
• D) diseconomies of scale
• E) none of the above

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Definitions:

Saving Money

The act of reducing expenditure or avoiding unnecessary expenses to build wealth or allocate resources for future needs effectively.

Demonstration Technique

A sales strategy that involves showing a product's features and benefits in action to persuade potential customers of its value.

Curiosity Approach

An approach whereby the salesperson asks a question or does something to make the prospect curious about the product.

Premium

An article of merchandise offered as an incentive to the user to take some action.