One of the Factors Explaining the Emergence of Large Firms

question 52

Multiple Choice

One of the factors explaining the emergence of large firms during the 19th and the early 20th centuries, is:

• A)The evolution of customers' tastes over time
• B)The development of management techniques
• C)The improvement in telecommunications
• D)The decrease in administrative costs of the firm relative to the transaction costs

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Definitions:

Legal and Illegal Tactics

Strategies used in various contexts (such as negotiations or competitions) that are either permissible under law or prohibited and punishable.

Union Suppression

Strategies or practices employed by employers to prevent or diminish union influence and employee organization within the workplace.

Union Suppression

Efforts or strategies aimed at weakening, regulating, or eliminating labor unions and their influence on workers and workplace conditions.

Strike Replacements

Workers who are hired to fill the positions of striking workers during a labor strike, often controversial as they can undermine the effectiveness of the strike.