The Global Media Environment Today:​

question 36

Multiple Choice

The global media environment today:​

• A)​is primarily digital-electronic
• B)​is decreasingly important
• C)​is dominated by developing countries
• D)​wields hard power only

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Definitions:

Scale of Production

The size or extent of the production operations of a firm, determining its capacity to produce goods or services.

Average Costs

The total cost of production divided by the number of units produced, representing the cost per unit of output.

Returns to Scale

The variation in production output resulting from a proportional alteration of all input factors in the manufacturing process.

Constant-Cost Industry

An industry in which the input prices and production costs remain constant as the industry output changes.