An Action Potential Refers to a

question 218

Multiple Choice

An action potential refers to a

• A) neural impulse.
• B) synaptic gap.
• C) neurotransmitter.
• D) reflex.

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Definitions:

Economies of Scale

The cost advantage achieved when production becomes efficient, as fixed costs are spread over more units of output.

Advertising Dollars

The amount of funding allocated to promotional activities in order to increase product or service visibility.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing as scale is increased.

Value Chains

The full range of activities that businesses go through to bring a product or service from conception to delivery to the end user.