What Is the Major Disadvantage of Centralization

question 12

Multiple Choice

What is the major disadvantage of centralization?

• A) The inability to quickly respond to changes in local markets
• B) Increased overhead expenses
• C) Different merchandise in each store
• D) The need to have standardized operating policies
• E) The inability to use national advertising media

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Definitions:

Libertarians

Individuals who advocate for minimal government intervention in the personal and economic lives of citizens.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, thus higher income earners pay a larger percentage of their income in taxes.

Libertarians

Individuals who advocate for minimal government intervention in the personal and economic lives of citizens, emphasizing individual liberty and free-market principles.

Diminishing Marginal Utility

A principle stating that as consumption increases, the marginal utility derived from each additional unit declines.