Economies of Scale Are Also Referred to as Increasing Returns

question 327

True/False

Economies of scale are also referred to as increasing returns to scale.

---

Definitions:

Needy

Refers to requiring attention, support, or resources more than what is considered normal or sufficient.

Altruistic Ethical Overtones

Describes actions or decision-making that prioritize the welfare of others and are driven by a moral concern for the well-being of all.

Servant Leadership

A leadership philosophy which states that the primary goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Ethical Leadership

The practice of leading by demonstrating ethical behavior, fostering an ethical culture, and making decisions based on ethical principles.