Economies of Scale Are Achieved When a Company Reduces Unit

question 26

Multiple Choice

Economies of scale are achieved when a company reduces unit costs by

• A) manufacturing products based on factor endowments.
• B) producing a larger volume of product.
• C) reducing staff.
• D) eliminating competitor value.
• E) acquiring a new supplier.

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Definitions:

Multiple-Choice Exam

A form of assessment where individuals select the correct answer(s) from several choices provided for each question, used to evaluate knowledge on a topic.

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