Which of the Following Is Not Among the Most Common

question 33

Multiple Choice

Which of the following is not among the most common sources of variation?

• A) People
• B) Materials
• C) Methods
• D) Quotas

---

Definitions:

Economies of Scale

Businesses enjoy cost savings resulting from their size of operations, wherein the cost per unit produced usually drops with greater scale.

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market, such as high startup costs, access to technology, and strict regulations.

Market Power

The ability of a firm or group of firms to influence or control prices or output in a particular market.

Barriers to Entry

are obstacles that make it difficult for new competitors to enter an industry, including high startup costs, strict regulations, and established brand loyalty.