Examlex
Which function of management includes areas such as job design, job specifications, job analysis, and unity of command?
Diseconomies of Scale
The situation in which the cost of producing each individual unit rises when a company's production volume grows, often resulting from inefficiencies and a rise in complexity.
Long-run Average Total Cost
The cost per unit of output in which all inputs, including capital, are variable, showing economies and diseconomies of scale over time.
Increasing Returns to Scale
A situation in which a proportional increase in all inputs results in a more than proportional increase in output, demonstrating economies of scale.
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