Which of the Following Is Not a Factor in Encouraging

question 14

Multiple Choice

Which of the following is not a factor in encouraging standardisation?

• A)Economies of scale in production
• B)Economies in product R&D
• C)Local competition
• D)Economies in marketing

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Definitions:

Rent Expense

The cost incurred by a business to use property or equipment for business purposes.

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.

Balance Sheet

A record that presents a summary of a business's assets, liabilities, and shareholders' equity at a given time.

Return on Assets

A financial ratio that measures the profitability of a company in relation to its total assets.