By Producing Its Products in Larger Volume Than Its Competitors

question 22

Multiple Choice

By producing its products in larger volume than its competitors, Epli-Mart is able to achieve substantial reductions in unit cost. In other words, Epli-Mart achieves

• A) location economies.
• B) learning effects.
• C) standardization economies.
• D) core economies.
• E) economies of scale.

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Definitions:

Short-Term Note Payable

A Short-Term Note Payable is a debt due for repayment within one year that a company owes to a lender or creditor.