Which of the Following Is True

question 149

Multiple Choice

Which of the following is true?

• A) Competition from abroad fails to provide domestic producers with a strong incentive to improve the quality of their products and keep their costs low.
• B) When economies of scale are important in an industry, international trade benefits domestic consumers but harms domestic producers.
• C) When economies of scale are important in an industry, international trade will be particularly important for domestic producers operating in small countries.
• D) Economies of scale eliminate the potential gains from international trade.

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Definitions:

Production Plans

Detailed outlines that specify the activities, resources, timelines, and costs involved in producing a product or providing a service.

Logistics Plans

Detailed organization and implementation strategies for the efficient transportation and storage of goods from origin to consumption.

Operational Plans

Detailed, short-term action plans that outline how a strategy will be implemented, including specific tasks, timelines, and resources required.

Functional Plans

Detailed strategies developed for specific departments or functions within an organization, such as marketing or human resources.