The Scale of a Firm Increases When

question 66

Multiple Choice

The scale of a firm increases when

• A)only one input increases while other inputs remain constant.
• B)one input remains constant while other inputs increase.
• C)some inputs increase while other inputs decrease.
• D)all inputs remain constant.
• E)all inputs increase.

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Definitions:

Clustering

The location of competing companies near each other, often because of a critical mass of information, talent, venture capital, or natural resources.

Region/Community Level

Analysis or intervention strategies designed to address or assess conditions at a specific geographic or social community scale.

Air, Rail, Highway, Waterway Systems

Components of the transportation infrastructure that enable the movement of goods and people via air, rail, road, and water channels.

Ethical And Social Responsibility Issues

Challenges and considerations related to the moral obligations and societal impacts of business practices and decisions.