A Major Factor Explaining Economies of Scale Is Increased Specialization

question 194

True/False

A major factor explaining economies of scale is increased specialization of labor.

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Definitions:

Declared Major

The specific field of study formally selected by a college or university student as their primary academic focus.

E-lert Systems

E-lert systems are electronic notification services designed to instantly inform users about important or critical information, often used in emergencies.

Academic Deadlines

The specific dates by which academic tasks or requirements must be completed and submitted.

Class Cancellations

The act of formally calling off scheduled classes, often due to unforeseen circumstances or emergencies.