Knowledge Increases ____________ and Specialization __________ Total Output

question 81

Multiple Choice

Knowledge increases ____________ and specialization __________ total output.

• A) education; increases
• B) productivity; increases
• C) perception; increases
• D) economies of scale; decreases

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Definitions:

Noncumulative Quantity Discount

A pricing strategy where discounts are based on the quantity of a single purchase order rather than the total volume purchased over time.

Sprayers

Devices or equipment used to distribute liquids in a fine spray, commonly for watering plants, applying pesticides, or painting.

Free

Gratis; something provided without charge.

Trade Discount

A reduction in the listed price of goods or services offered by a vendor to buyers in the same trade.